Read the full judgment text of CACV 130/2020 on BabelCite. This Court of Appeal judgment was delivered on 6 October 2021.
1. The plaintiff is a money lender under the Money Lenders Ordinance (Cap. 163) (‘ MLO ’). By a loan agreement (the ‘Loan Agreement’) entered into by the plaintiff and the defendantsdated 5 June 2015, the plaintiff granted a loan ofHK$3,000,000.00 (the ‘Loan’) to the 1 st and 2 nd defendants on the security of a property in Gillies Mansion jointly owned by the defendants. The property was mortgaged by the defendants to the plaintiff by a mortgage dated 5 June 2015 (‘the Mortgage’). The Loan
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