20 Nov 2025
CHAMPION FOREVER GROUP LTD v. ADDCHANCE DYEING FACTORY LTD
- Citation
- [2025] HKCFI 5216
- Court
- Court of First Instance
- Case number
- HCMP2556/2017
On the evidence the court found no binding AHL Sale Agreement and no SMA/CRA existed; the December 2014 documents amounted to a non‑binding Clean Break Framework and the Second Mortgage was executed voluntarily by ADFL at the Banks' insistence; CFGL validly acquired the debt under the DRD/DOA and is entitled to enforce the Second Mortgage; accordingly Ps' equitable claims (constructive trust/knowing receipt/dishonest assistance) fail and CFGL is entitled to judgment for the secured indebtedness, vacant possession, power of sale and rents.