Yeung So Lai v Art Excel Limited [2025] HKCA 957

The exemption in the Money Lenders Ordinance (Cap. 163) for a loan made to a company secured by a charge registered under the Companies Ordinance is to be construed according to its plain words and is not confined to charges over the borrower company's own assets, so third-party security suffices to bring the loan within the exemption and the lender need not hold a money lender's licence.