Read the full judgment text of HCA 000205/1996 on BabelCite. This High Court CFI judgment was delivered on 6 June 1997.
2. The primary facts are not in dispute. On 18th July, Chung King Investment Ltd. ("CKIL") purchased a flat in Ap Lei Chau. A few weeks later, it mortgaged the flat to Wide Profit Finance Ltd. ("WPFL"). On the following day, 31st August, CKIL instructed the Defendant, its solicitor, to redeem that mortgage and to re-mortgage the flat to Eastfaith Finance Ltd. ("EFL"), the 2nd Plaintiff, to secure a loan of $4.55m. The 1st Plaintiff, a firm of solicitors, acted for EFL on the re-mortgage of the f