Read the full judgment text of DCCJ 3317/2020 on BabelCite. This District Court judgment was delivered on 20 January 2022.
1. This is a money lender’s action in which the plaintiff, a registered and licensed money lender under the Money Lenders Ordinance (Cap.163) ( “the MLO” ), claims against the defendant under a loan agreement and a personal loan agreement both made on 5 September 2014 (“the Loan Agreement” and “the Personal Loan Agreement” respectively), pursuant to which the plaintiff advanced $1,200,000 ( “the Loan” ) to the defendant at the interest rate of 33.6% per annum.
Cited by 3 cases · Cites 6 cases