15 Sept 2025
THE INCORPORATED OWNERS OF THE SEA RANCH v. HOLIDAY RESORTS (H.K.) LTD
- Citation
- [2025] HKDC 1572
- Court
- District Court
- Case number
- DCMP1293/2023
Because the DMC and SDMC were executed contemporaneously and the SDMC expressly created term owners and contemplated assignments of 1/26th portions of the relevant undivided shares, clause 8(a)(i) of the DMC imposed direct liability on term owners for management fees; accordingly the Memoranda of Charge that purported to charge Holiday Resorts as sole owner of the full apartments were invalid and an order for sale was refused.