Read the full judgment text of HCMP 1258/2021 on BabelCite. This High Court CFI judgment was delivered on 30 December 2022.
1. Mortgage is commonplace in Hong Kong as the form of security for finance for business operation or residence purchase. This case is a redemption action. It concerns the kind of reasonable conduct which the mortgagor (the Plaintiffs) and mortgagee (the Defendant) are expected by law to carry out in mortgage redemption. The main issues are the validity of the Plaintiffs’ tender for redemption and the reasonableness of the Defendant’s charges upon redemption.
Cites 2 cases