[2022] HKCFA 28, HONG KONG SAI KUNG NGONG WO RESORT DEVELOPMENT LIMITED（香港西貢昂窩渡假村發展有限公司）V. TOTALCORP (NOMINEES) LIMITED - Appeal dismissed

Judges (5)

Cheung Coram Fok Coram Lam Coram Lord Hoffmann Coram Ribeiro Coram

Counsel (8)

Kong & Tang Firm MinterEllison LLP Firm Cedric Yeung Counsel Plaintiff Dixon Co Counsel Defendant Joshua Chan Counsel Plaintiff Kenneth CL Chan Counsel Defendant Roland Lau Counsel Defendant Victor Dawes Counsel Plaintiff

Parties (2)

Hong Kong Sai Kung Ngong Wo Resort Development Limited Defendant Totalcorp (Nominees) Limited Plaintiff

Summary

Hong Kong Sai Kung Ngong Wo Resort Development Limited appealed in a money-lending dispute regarding the obligations of a mortgagee under a void mortgage following non-compliance with the Money Lenders Ordinance. The Court considered whether the rule requiring a mortgagee to account for sale proceeds applies when the underlying mortgage is void. The appeal addressed important questions about the consequences of void mortgages.