Skycope Technologies Inc. v. Jia
Although Mr. Jia established enrichment and corresponding deprivation tied to an expectation of equity, his equitable claim is satisfied because his receipt of Shengkong shares via the Share Transfer Agreement constituted a juristic reason (contractual allocation of enterprise equity) justifying Skycope's retention of his contributions; additionally, his breach of fiduciary duties would have barred equitable remuneration if the claim otherwise succeeded; therefore the equitable claim to Skycope shares is dismissed and costs awarded to Skycope.
Source excerpt
- Constructive trust
- Promissory estoppel
- Share entitlement
- Misuse of confidential information
- Clean hands/faithless fiduciary
- Costs