12 Jan 2018
幗暉創富投資有限公司 對 許金祥
- Citation
- [2018] HKDC 34
- Court
- District Court
- Case number
- DCCJ4258/2015
The judge found on credibility and evidence that the defendant borrowed HK$500,000, that he understood the contract terms, and that he did not prove the alleged HK$75,000 intermediary payment nor the HK$10,000 cheque payment. Although the loan documentation did not satisfy all formal requirements of Money Lenders Ordinance s18(1), the court exercised its s18(3) discretion, concluding it would be unfair to deny enforcement; the court therefore awarded the plaintiff the unpaid principal of HK$375,196 and interest at 8% p.a. from 4 August 2015 to the date of judgment and post-judgment interest a…