5 Sept 2024
GG v. LL Ltd
- Citation
- [2024] HKCFI 2302
- Court
- Court of First Instance
- Case number
- HCSD21/2024
The statutory demand was set aside because the applicant demonstrated a substantial defence that the lender was not a licensed money lender and the loan did not fall within the Schedule 1 Part 2 para 2(a) exemption, rendering the loan unrecoverable under s.23 MLO; this defence was sufficient at the SD stage to require the SD to be set aside notwithstanding availability of third-party security.