27 Jul 2015
LUCKY POWER LTD v. LAM, PHILIP YUNG TAK
- Citation
- LUCKY POWER LTD v. LAM, PHILIP YUNG TAK
- Court
- Court of First Instance
- Case number
- HCA1785/2012
The 1984 Memorandum was an equitable mortgage (deposit of title deeds) and not a sale; Lucky Power, having purchased from the mortgagor and registered its title, may exercise the equitable right of redemption by paying the indebtedness found due under the Memorandum; the unregistered Tenancy Agreement is absolutely void against Lucky Power by virtue of Land Registration Ordinance s3(2) and s4; accordingly Lucky Power is entitled to possession subject to payment of the amount found due and other consequential equitable reliefs.