8 Mar 2001
BERMUDA TRUST (HONG KONG) LTD. v. SHUM WING TAK, IVAN AND ANOTHER
- Citation
- BERMUDA TRUST (HONG KONG) LTD. v. SHUM WING TAK, IVAN AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA14421/1998
Given the background and purpose of the global settlement, the phrase 'the disposal of [the Property] under the said Will' in paragraph 3 must be given a wide meaning to cover the legal realities and risks the parties sought to avoid; the Commissioner's 23 March 2000 determination was based on the $7.9 million in the 1992 conveyance and therefore falls within paragraph 3; the Defendants defaulted in payment and the court will enforce paragraph 3 and grant the relief sought, including costs against the Defendants on a common fund basis.