
- Instructor: Rita Cheung
Date: 30 October 2023 (Monday) Time: 9:30am-12:45pm Language: English Level: Elementary
Speaker: Dr. Rita Cheung, MCAL Solicitors LLP
Lawyer CPD Points: ACCA CPD / SFC CPT / Insurers’ CPD Pts: 3 Fee: HK$1,700
Highlight:
(O10) (Live Presentation and Webinar) Money Lenders
Date: 30 October 2023 (Monday) Time: 9:30am-12:45pm Language: English Level: Elementary
Speaker: Dr. Rita Cheung, MCAL Solicitors LLP
Lawyer CPD Points: ACCA CPD / SFC CPT / Insurers’ CPD Pts: 3 Fee: HK$1,790
Highlight: Moneylending has spawned a wealth of case law. To combat ‘loan-sharking’ activities, the law sets the interest rate ceiling of 60 per cent per annum (as unlawful) and 48 per cent per annum (as presumed ‘extortionate’). But that is not all. This seminar discusses a trio of recent Court of Appeal decisions on the interplay of four interlocking sections: section 18 (form of loan memorandum); section 21 (early repayment); section 22 (illegal agreements); section 24 (prohibition of excessive interest rates).
1 Protection against ‘extortionate’ loans
- Easy Fortune Property Limited v Yung Chun Him [2019] HKCA 1055
2 The default interest conundrum
- Honip Credit Limited v Leung Tak Sing Paul [2020] HKCA 879
3 Loan memorandum
- Emperor Finance Limited v La Belle Fashions Limited (2003) 6 HKCFAR 402.
4 Forgery
- Ngan Pui Chi v Bao Quan [2019] 4 HKLRD 135, [2019] HKCA 852
5 Lawyer’s roles
- Credit One Finance Ltd v Yeung Kwok Chi [2020] HKCFI 2450
- Yip Kin Kwan Kenneth v Rich Well Finance Ltd and KB Chau & Co (a Firm) [2020] HKCFI 456, [2020] 4 HKC 557