25 Jul 2024
OCEAN ALLIED FINANCE LTD v. SZE, LILY
- Citation
- [2024] HKDC 1214
- Court
- District Court
- Case number
- DCCJ2977/2021
Leave to appeal on the contention that the Retained Sum was an illegal payment under section 27(1) was refused because that construction would duplicate remedies under section 2(3) and section 27 and was not supported by authorities or legislative materials; leave was granted on the narrower issue whether the Retained Sum must be included in deemed interest because this court is bound by the Court of Appeal's ruling in Skyline Credit v Leung that such retained sums can be part of deemed interest and that point could alter the effective interest calculation and trigger section 25; a stay of ex…