10 Jul 2004
THE JOINT AND SEVERAL TRUSTEES OF THE PROPERTY OF HAU PO MAN STANLEY v. HAU PO FUN IVY AND ANOTHER
- Citation
- THE JOINT AND SEVERAL TRUSTEES OF THE PROPERTY OF HAU PO MAN STANLEY v. HAU PO FUN IVY AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCB924/2002
The trustees failed to prove that the bankrupt influenced or participated in NGEL's payment of HK$4,000,000 and failed to show the payment improved the sister's position beyond the guarantee; separately, the sister adduced credible evidence of pressure by her and her husband that rebutted the statutory presumption of requisite desire as to the three later transactions (transfer of a Maxi Worth share, transfer of a motor vehicle and cash repayment of HK$650,000), so the trustees did not establish unfair preference and the application was dismissed.