9 Jun 1999
WONG SHUN v. JAPAN LEASING (HONG KONG) LTD.
- Citation
- WONG SHUN v. JAPAN LEASING (HONG KONG) LTD.
- Court
- Court of First Instance
- Case number
- HCSD7/1999
Loans 2 and 3 were illegal and unenforceable under s.22(1) of the Money Lenders Ordinance at the time the statutory demand was served, so there was no indebtedness under those loans for the purposes of the statutory demand; loan 1 was covered by the creditor's security such that on the creditor's own valuation no balance remained; the court declined to exercise its discretion under s.22(2) at this interlocutory forum and stage because that requires fuller evidence and consideration; consequently the statutory demand was set aside with costs.