9 Dec 1998
FRANCIS ROBERT MULLENS ROBERT BRUCE HINCHCLIFFE v. ELMER YUEN AND OTHERS
- Citation
- FRANCIS ROBERT MULLENS ROBERT BRUCE HINCHCLIFFE v. ELMER YUEN AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1099/1997
The court found that the scheduled Mission Hills interest was intended to be and was impressed with a trust in favour of Strategic Holdings Limited; accordingly the 1st Defendant did not hold the disputed 20% on trust for the Plaintiffs and the Plaintiffs' proprietary and contractual claims fail. The Side Agreement and estoppel arguments do not establish a binding obligation in favour of the Plaintiffs. The monies are to remain in Court until further order, and the court declined to grant the Plaintiffs' declarations that the monies are held for them.