24 May 2002
PBM (HONG KONG) LTD v. TANG KAM LUN ALLAN AND OTHERS
- Citation
- PBM (HONG KONG) LTD v. TANG KAM LUN ALLAN AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA12138/1997
Judge found on the balance of probabilities that Chau knowingly assisted in laundering misappropriated PBM funds and was dishonest such that she was liable to account in equity for HK$4,310,000; the June 1997 share transfers were sham transactions and RTIL holds the net sale proceeds (HK$5,355,490.40) on constructive trust for PBM and must pay those sums with interest; injunction to continue until repayment; Chan found dishonest and liable for knowing assistance though substantive recovery was achieved by ordering RTIL to disgorge proceeds; costs ordered nisi against Chau, Chan and RTIL.