4 Jul 2025
TAK CHEUNG (HONG KONG) ASSET MANAGEMENT LTD 對 LAU PING
- Citation
- [2025] HKCFI 2418
- Court
- Court of First Instance
- Case number
- HCMP1635/2023
The court refused to admit the new affidavit evidence because the Ladd v Marshall test was not satisfied; having balanced the statutory breaches against the circumstances under the Money Lenders Ordinance, the court exercised its discretion under s18(3) (and related provisions) to enforce the loan agreements and mortgage, dismissed the second defendant's appeal, emergency application and counterclaim, and awarded costs to the plaintiff.