6 Nov 2017
LINK EXCELLENT LTD v. RUIJUN TECHNOLOGY LTD
- Citation
- LINK EXCELLENT LTD v. RUIJUN TECHNOLOGY LTD
- Court
- Court of First Instance
- Case number
- HCA1993/2016
The court concluded on the affidavit evidence and documents that the plaintiff's ordinary business was investment holding and the HK$6,000,000 advance was an isolated transaction falling within Schedule 1 Part 2 para 5; therefore the plaintiff was not a "money lender" under s 2(1), ss 18 and 23 of the MLO were inapplicable, the defendant's statutory defence was not arguable, and summary judgment was appropriate for the claimed sum with interest and costs.