18 Feb 2021
YING FU (H.K.) INDUSTRIAL LTD v. HEFAN TRADE LTD
- Citation
- [2021] HKCFI 399
- Court
- Court of First Instance
- Case number
- HCA324/2020
On the pleaded facts and uncontroverted bank evidence, the plaintiff paid US$500,000 under mistake induced by email fraud; the defendant had no entitlement and was unjustly enriched; the funds (and remaining balance/traced assets) are held by the defendant on constructive trust for the plaintiff; therefore judgment for restitution, declarations, account and tracing, transfer, interest and costs is appropriate on default.