16 May 2016
The Court of Final Appeal determined the legal status of a sale and purchase contract of future receivables in the context of the Money Lenders Ordinance (Cap. 163), and found against the Secretary for Justice in holding that this contract constituted a sale and purchase and not a loan.
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Clifford Smith SC represented the Appellant (Secretary for Justice); Simon Westbrook SC and Michael Lok acted for the Respondent.