YEUNG SO LAI V. ART EXCEL LTD

[2025] HKCA 957 Court of Appeal 5 November 2025 • CACV413/2024 • 29 min read

17 cases cited (0 HK, 17 foreign)

Outcome

Appeal allowed

the appeal is allowed.

Source: [2025] HKCA 957, Court of Appeal, decided 5 November 2025. Read directly from the judgment.

Judges (3)

Barma Coram Cheung Coram Chu Coram

Counsel (7)

Arthur Hong LLP Firm Ho & Partners Firm Bernard Man Counsel Respondent Ernest Ng Counsel Applicant Ian Yu Counsel Respondent Nicole Chui Counsel Applicant Vincent Chen Counsel Respondent

Parties (2)

Art Excel Limited Respondent Yeung So Lai Applicant

Case Significance

YEUNG SO LAI V. ART EXCEL LTD [2025] HKCA 957 is a Court of Appeal decision addressing the Bankruptcy Ordinance, ss 6A(1)(a) and 6D, the Companies Ordinance and the Money Lenders Ordinance, s 23. The court held that "the appeal is allowed." The decision drew on GG V. LL LTD [2024] HKCFI 2302 and INDIAN OVERSEAS BANK V. SEABULK SYSTEMS INC. AND OTHERS [2024] HKCA 522 among the authorities considered.

Summary

Yeung So Lai brought proceedings against Art Excel Limited in a civil dispute. The case was appealed to the Court of Appeal. The Court of Appeal determined the appeal.

What did the Court of Appeal decide in YEUNG SO LAI V. ART EXCEL LTD [2025] HKCA 957?

The Court of Appeal held that the appeal is allowed in YEUNG SO LAI V. ART EXCEL LTD [2025] HKCA 957, a decision addressing the Bankruptcy Ordinance, ss 6A(1)(a) and 6D, the Companies Ordinance and the Money Lenders Ordinance, s 23.

Which authorities did the Court of Appeal draw on in [2025] HKCA 957?

The Court of Appeal referred to GG V. LL LTD [2024] HKCFI 2302 and INDIAN OVERSEAS BANK V. SEABULK SYSTEMS INC. AND OTHERS [2024] HKCA 522 among the authorities considered in reaching its decision in YEUNG SO LAI V. ART EXCEL LTD [2025] HKCA 957.

Statutes Cited

Bankruptcy Ordinance

s 6A(1)(a) s 6D

Companies Ordinance (Cap 622)

Money Lenders Ordinance

s 23

Cases Cited (17)

UK (7)

[1989] 1 WLR 271 [1989] 1 WLR 452 [1990] 1 AC 536 [1992] 1 WLR 1294 [1994] 1 WLR 917 [2010] 2 All ER 688 [2011] EWCA Civ 747

HK (10)

(2023) 26 HKCFAR 157 [1999] 2 HKLRD 383 [2002] 2 HKC 340 [2019] HKCFI 2880 [2020] HKCFI 3178 [2022] 3 HKLRD 529 [2023] 2 HKLRD 157 [2023] HKCA 506 [2024] HKCA 522 [2024] HKCFI 2302