7 Feb 2018
CELERITY SPECIAL SITUATIONS FUND I, L. P. (formerly known as DONGLIN SPECIAL SITUATIONS FUND I, L. P.) v. CHINA LINKAGE INTERNATIONAL LTD
- Citation
- [2018] HKCFI 259
- Court
- Court of First Instance
- Case number
- HCA2993/2016
Service on the defendant at its registered office was valid and produced a regular judgment; the defendant waited an unreasonable time and cannot introduce a new MLO defence at this late stage; and even if considered, the court would not have jurisdiction under s25(3) to re-open a transaction where the interest rate does not exceed 48%.