5 Jan 2003
CHOW KIN MING v. ALWAYS FORTUNE LTD AND OTHERS
- Citation
- CHOW KIN MING v. ALWAYS FORTUNE LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA906/2003
The court held that guarantees given by the 2nd and 3rd Defendants were enforceable notwithstanding MLO s.24 because the exemption in s.24(5)(a) and Schedule 1 applies to loans to companies and does not render attendant guarantees automatically unenforceable; Grantwin was rejected; no sufficient evidence of undue influence; on the factual ambiguities about the HK$160,000 deduction and the HK$48,000 interest the court declined to enter final judgment for the full sum and instead entered interlocutory judgment for HK$1,440,000 against the 2nd and 3rd Defendants and remitted specified issues to…