31 Dec 2024
CHINA YINSHENG FINANCE LTD 對 TSE KIN KI 及另一人
- Citation
- [2024] HKCFI 2680
- Court
- Court of First Instance
- Case number
- HCA518/2016
Court found on the balance of probabilities that (1) Yinsheng did not collude with Sheng Yi/intermediary and its loan to the defendants was not illegal; defendants misrepresented income to Yinsheng and thus must repay the Yinsheng loan (no clean hands); (2) Parklane did collude with the intermediary (Sheng Yi/Joe Lee) and knew of intermediary involvement and false inducements; Parklane's transaction therefore engaged ss27/29/30 of the Money Lenders Ordinance and Parklane must refund the overpaid amount calculated by deducting treated principal and interest items. Consequently Yinsheng's claim…