Read the full judgment text of DCCJ 000786/2008 on BabelCite. This District Court judgment.
1. The Plaintiff (“ Mr. Yau ") seeks summary judgment against the Defendant (" Mr.Chan ") for the sum of $488,820.23, as the outstanding balance of a loan of $600,000, claimed by Mr. Yau to have been advanced to Mr. Chan in July and September 2006. The loan was said to have been made by Mr. Yau's transfer of 2 sums of $300,000 each into the bank accounts of Petrolub Hong Kong Company Limited (" Petrolub ") on 15 July 2006 and 26 September 2006. It is not in dispute that Mr. Chan is the majorit