18 Aug 2022
CHEN WEI WU v. CHENG YANG
- Citation
- [2022] HKCFI 2597
- Court
- Court of First Instance
- Case number
- HCA2604/2017
The plaintiff proved the payments and the terms of the oral agreements by documentary and oral evidence; the agreements were multi-faceted (repayment obligation, share sale, compensation) and in legal substance were not loans within the meaning of the Money Lenders Ordinance; therefore the agreements were enforceable and judgment is entered for the plaintiff for HKD450,000,000 with specified pre- and post-judgment interest and costs.