Read the full judgment text of DCCJ 4042/2016 on BabelCite. This District Court judgment was delivered on 29 September 2017.
1. This is a summary judgment application brought by an insurance company (the plaintiff) against its former agent (the defendant) for the sum of HK$975,355.56 being an alleged loan rendered by the plaintiff to the defendant. It is common ground that this is not an ordinary loan-recovery case. The alleged loan in fact consists of (1) join‑in incentive bonus or handshake payment (according to the defendant), of an upfront payment of HK$242,000 and (2) monthly allowance of HK$37,000 per month fo
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