Hong Kong Case Law: Decisions & Judgments

Topic

Interest rate

Legal area

Court

21 Oct 2024

WELL RISE (HONG KONG) LTD v. THE INCORPORATED OWNERS OF WESTLANDS CENTRE

Citation

[2024] HKDC 1688
Court

District Court
Case number

DCCJ253/2019

For loss of rental and related expenses arising from water seepage, the court applied half the judgment rate for pre-judgment interest and ordered that interest accrue from the date each relevant loss was suffered; interest at the judgment rate shall run from the date of judgment (19 September 2024). The defendant's method of calculation (paragraph 9 of its submissions) was adopted.
17 Apr 2019

NGAI LEUNG TOMMY v. SUNG NGAI YEUNG AND ANOTHER

Citation

[2019] HKCFI 983
Court

Court of First Instance
Case number

HCA35/2015

The court accepted P's uncontradicted evidence that he accepted the assignment of the D1 loan at a monthly interest rate of 4.5% and found that D1 had failed to repay the loan, establishing D1's indebtedness to P at the accepted rate; other factual defenses (e.g. inability to effect sale of property) did not displace P's claim on the balance of probabilities.
17 Oct 2001

WONG MAN YIN v. LAW LAM WAI AND OTHERS

Citation

WONG MAN YIN v. LAW LAM WAI AND OTHERS
Court

Court of First Instance
Case number

HCA6260/1997

Court directed that valuation be carried out by a single independent chartered accountant, valuing the company as a going concern as at the date of the petition, with the excessive directors' remuneration of $30,320,603 to be written back into assets, excluding shares allotted on 24 March 2000 that were not fully paid, no minority discount to be applied, interest at 1% above HSBC prime from petition date to date hereof and judgment rate thereafter, and costs awarded to the petitioner.
14 Jun 2001

THE HALLA LIBERTY (South Korean flag)

Citation

THE HALLA LIBERTY (South Korean flag)
Court

Court of First Instance
Case number

HCAJ400/1997

Because the Intervener's concession came late after persistent resistance, the court exercised its discretion to award the Plaintiff all costs against the Intervener from 10 February 2000 to the date of judgment; costs prior to 10 February 2000 were to be borne by the Defendant.

Hong Kong Case Law

WELL RISE (HONG KONG) LTD v. THE INCORPORATED OWNERS OF WESTLANDS CENTRE

NGAI LEUNG TOMMY v. SUNG NGAI YEUNG AND ANOTHER

WONG MAN YIN v. LAW LAM WAI AND OTHERS

THE HALLA LIBERTY (South Korean flag)