19 Nov 2020
BAO YUAN FINANCE LTD v. LUO GUIYING AND OTHERS
- Citation
- [2020] HKCFI 2942
- Court
- Court of First Instance
- Case number
- HCMP968/2019
On the evidence before the court it was not arguable that Zhang had a beneficial interest: the contemporaneous intention was that Zhang gifted the property to Fang (and the DOT supports that Fang is sole beneficial owner), so no resulting trust arose in Zhang's favour; further, even if Fang had a beneficial interest that interest would not bind P because P was a subsequent bona fide mortgagee protected by LRO s.3(2). Therefore P's possession claim succeeds and the preliminary questions are answered in the negative.