Industry WIKI
Digital assets and currencies
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Hang Seng Credit Card Ltd v Tsang Nga Lee
Hang Seng Credit Card Ltd v Tsang Nga Lee [2000] 3 HKLRD 33 is a landmark decision of the Court of First Instance of Hong Kong in which Yam J held that a clause in a credit card agreement obliging a defaulting cardholder to pay, on a full indemnity basis, all costs and expenses incurred by the card issuer in enforcing the agreement was unconscionable under the Unconscionable Contracts Or
Trading basicsShareholders' agreement
A shareholders' agreement (sometimes referred to in the U.S. as a stockholders' agreement) (SHA) is an enforceable agreement amongst the shareholders or members of a company. In practical effect, it is analogous to a partnership agreement. There are advantages of the shareholder's agreement: they provide a contractual remedy if their terms are broken, and they can help the corporate ent
FinanceVoidable floating charge
In law, a voidable floating charge refers to a floating charge entered into shortly prior to the company going into liquidation which is void or unenforceable in whole or in part under applicable insolvency legislation.