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.
Please click here to read the full judgment
Clifford Smith SC represented the Appellant (Secretary for Justice); Simon Westbrook SC and Michael Lok acted for the Respondent.
Des Voeux Chambers ("DVC") is a leading set of chambers in Hong Kong with an illustrious history dating back over 30 years. Its members have cultivated a reputation for combining intellectual rigour with effective advocacy. As one of the largest sets of chambers in Hong Kong, DVC is home to over 90 astute legal minds, many of whom have spearheaded groundbreaking cases.
+852 2526 3071
+852 2810 5287 (fax)
chambers@dvc.hk
M – Fr 8:30 am – 7:00 pm
Sat 9:00 am – 1:00 pm
Arrangements can be made for out of office hours deliveries.
38th Floor,
Gloucester Tower
The Landmark,
Central, Hong Kong
Rm 1601, 16/F, Tower 1
Chang Fu Center (CFC)
2 Shihua Road, Futian District
Shenzhen, China
