MICHAEL ELLIS v. TERESA ANNE HOLLADAY

HCA8811/2000

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

ACTION NO.8811 OF 2000

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J U D G M E N T

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1. I have before me a claim by the plaintiff against the defendant for the sum of $939,293.95, being the balance of sums due by the defendant to the plaintiff in respect of seven promissory notes pleaded in the Amended Statement of Claim.

2. Two causes of action are relied upon by the plaintiff : one is pursuant to the promissory notes and the other is in respect of the loans made by the plaintiff to the defendant under the seven promissory notes. Affidavits have been filed and put before the court, and the history of this matter, of course, is well known to the parties and to some extent to this court, having dealt with this matter previously in another setting. I have no doubt that both causes of action are properly put before the court and that the defendant admitted that she is indebted to the plaintiff in respect of those two causes of action.

3. There is simply no defence. Although the plaintiff has taken out Order 14 which will be returnable in early October, I think the matter does not need to wait for the return day of the Order 14 summons. I therefore order that judgment be entered against the defendant in the amount of $939,293.59 plus interest at 10.5% per annum. It is further ordered that costs of the action, including costs of the application for judgment, be to the plaintiff in the amount of $35,000.00, assessed by way of gross sum under Order 62, rule 9(4)(b).