16 Dec 2016
CWML v. WYK H LTD
- Citation
- CWML v. WYK H LTD
- Court
- Family Court
- Case number
- FCMC14552/2013
On the balance of probabilities the documentary and contemporaneous evidence (cheques, cashier's order, payroll forms, apportionment accounts, mortgage statements and produced title deeds) and credibility findings established that the 1st Intervener paid the agreed HK$6,500,000 consideration and met ongoing mortgage obligations under the March 1999 oral agreement; accordingly the 1st Intervener acquired the beneficial interest in Flat 16C and car park L1-13. Separately, evidence established that the 1st Intervener wholly funded the purchase of IR property through H Limited and is its sole ben…
- Beneficial ownership of land
- Constructive and resulting trusts
- Oral contract for sale of land
- Sham transactions
- Costs