Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Cryptocurrency
  • 22 Dec 2023

    LEUNG LILY v. FAN KWAN WANG

    Citation
    [2023] HKDC 1822
    Court
    District Court
    Case number
    DCCJ1079/2021

    Defendant failed to establish the bona fide purchaser defence: he did not provide value because the USDT did not belong to him or was not shown to be his consideration; he did not act in good faith given circumstantial and direct evidence of an organised scheme, suspicious banking patterns and concealment; and he had constructive notice or at least suspicions that required inquiry which he did not make. Judgment for plaintiff for unjust enrichment followed.