9 Dec 2025
KAPOK SPIRIT INVESTMENT LTD v. LAI LEONG (also known as LI LIANG)
- Citation
- [2025] HKCFI 5504
- Court
- Court of First Instance
- Case number
- HCA1818/2023
Late amendment summons and reliance on Lai 3rd were dismissed for unreasonable delay, lack of satisfactory explanation and failure to satisfy Ladd v Marshall; implied terms sought were unnecessary and contradicted express clause permitting assignment (clause 16.2); assignment of the loan and the benefit of the guarantee did not materially vary or discharge the guarantor where assignment was contemplated by contract and notice was given; consequently defendant had no arguable defence to resist summary judgment and final judgment was proper for the plaintiff.