27 Mar 2026
IMPERIAL PACIFIC INTERNATIONAL (CNMI), LLC v. CHAN CHI HUNG
- Citation
- [2026] HKCFI 1483
- Court
- Court of First Instance
- Case number
- HCA75/2018
The court held that contemporaneous loan documents (Loan Agreement, Promissory Note, Application and acknowledgement slips) signed by defendant established a binding loan of chips from plaintiff; plaintiff proved intention to create legal relations and CNMI-compliant lending practice via unchallenged expert evidence; defendant's assertions of gift, estoppel, mistake, non est factum and fraud were rejected on credibility and documentary grounds; chips therefore constituted loaned credit enforceable under CNMI law and defendant liable for US$1,446,184.40 plus contractual interest and indemnity…