28 Oct 1997
GLEN ELVEN KELLER JR v. YING WAH TAK HOLDINGS LIMITED AND ANOTHER
- Citation
- GLEN ELVEN KELLER JR v. YING WAH TAK HOLDINGS LIMITED AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP207/1997
The alleged pledge was invalid as a matter of law because the subject was a bank account (a chose in action) which cannot be pledged without delivery of possession, the specific account referenced did not exist at the time of the alleged pledge, and a subsequent assignment could not cure the invalid pledge given the Trustee's earlier acquisition of the Blinders' rights under the US bankruptcy proceedings and Settlement Agreement.