Read the full judgment text of HCMP 1709/2009 on BabelCite. This High Court CFI judgment was delivered on 11 January 2013.
1. This is a mortgagee action by the plaintiffs for payment of a debt with interest which are secured by a legal charge (“Legal Charge”) on pieces of land (“Properties”) in the New Territories, Hong Kong. Details of the Properties are set out in the plaintiffs’ Originating Summons filed on 2 September 2009 (“OS”). They are agricultural land situated in Sai Kung and, according to a valuation carried out in 2009, have a total value of just over HK$30 million. In default of payment, the plaintiffs