27 Jan 2022
KWONG MAN HEI v. FOK SIN YEE
- Citation
- [2022] HKCFI 303
- Court
- Court of First Instance
- Case number
- HCA981/2021
The appeal was dismissed because the defendant executed the IOU, received HK$9 million payable to the plaintiff as Lender, failed to deposit share certificates as required and failed to comply with a demand for repayment; the defendant did not establish a meritorious defence nor provide a reasonable explanation for failing to defend, and agency/nominee status of the plaintiff did not prevent enforcement of the IOU.