8 Jan 2008
CHINA EVERBRIGHT FINANCE LTD AND ANOTHER v. CHAN YUNG AND ANOTHER
- Citation
- CHINA EVERBRIGHT FINANCE LTD AND ANOTHER v. CHAN YUNG AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV396/2006
The application for a stay was refused because the 1st defendant could not pay the principal into court and therefore a stay was not appropriate despite serious arguable issues about the lawfulness of the moneylender's interest provisions; substantive issues are to be addressed on appeal and by the bankruptcy trustee, but inability to pay dictated refusal of the stay.