Posted by
hkwatcher
12 yrs ago
Back in 2008 we paid HK2,800 to Small claims without admission of liability to a lady who made life hard for us when we first opened our company. Is it possible to get that removed from the record of our Company? I've searched around and can't find any reference to this type of application.
Thanks for any help.
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was it a judgement or settlement? Either way it's unlikely to have any effect on your record.
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@silviofisher
it was a no fault settlement.
I only found out about this because we opened a new business bank account and they did a search in CR and this came up. Prior to this, no one had ever mentioned it so I wondered if it would reflect negatively on our credit or something. But we have a small business and no loans so maybe it won't be a problem.
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Interesting...I did not think a settlement would show up - will have to do a search for our company. Have you ordered a copy of the report to see exactly what it says?
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Ha, I asked for a copy from the Bank Rep and he acted like it was a State secret or something! But I could see the logo of the company who does some type of commercial searches.
The Bank Rep asked me to write down what was the final settlement amount and the conditions of the settlement and then sign my name. It was just one page with the date of the claim and both the names of our company and the name of the lady who made the claim and nothing else. They did not know what was the final settlement. I had to write that for the Bank.
It looked like a CR search, but not 100% sure.
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Corporate credit searches are usually done in HK by Dun and Bradstreet (unlike private ones which is TransUnion). You are of course perfectly entitled to a copy of your report for about HK$200-300. The bank must have been using this if they were being genuine.
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