YVONNE CREDIT SERVICE CO., LTD v. WONG MEI LING AND ANOTHER

HCA 1899/2016

[2020] HKCFI 2393

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

ACTION NO. 1899 OF 2016

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J U D G M E N T

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1.  The Plaintiff is a licensed money lender and this is its action against the Defendants for payment of the outstanding principal and interest due under a Loan dated 1 April 2016. The Loan was taken out by both the Defendants and it is secured by a Legal Charge against a landed property belonging to the 1^st Defendant. In addition to the payments, the Plaintiff is also seeking to enforce the Charge by way of a possession order against the property.

2.  As expected, the loan transaction was reasonably well-documented.  Solicitors were involved in the preparation and execution of the Charge.

3.  The Defendants have not appeared today to defend this action.  In light of their absence, there is no basis to question the Plaintiff’s factual case.  I see no obvious legal issue with the Plaintiff’s case.  I therefore accept that the Plaintiff has proved its case against the Defendants.

4.  Accordingly, I give judgment in favour of the Plaintiff against the Defendants in the terms which I have ventilated with Mr Yuen, who appears for the Plaintiff.