27 Nov 2014
KINGSWAY FINANCE LTD v. WANG QINGYI AND ANOTHER
- Citation
- KINGSWAY FINANCE LTD v. WANG QINGYI AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV189/2013
The Court held Kingsway was entitled to equitable subrogation: having advanced money to discharge prior securities in the expectation of first priority, Kingsway would otherwise suffer an unjust loss and Wing Wui an unjust enrichment; intention is relevant but not determinative; subrogation can operate more than once; and s45 CPO and policy did not bar the equitable remedy. The appeal was dismissed.