27 Jul 2015
LUCKY POWER LTD v. LAM, PHILIP YUNG TAK and/or other occupiers
- Citation
- LUCKY POWER LTD v. LAM, PHILIP YUNG TAK and/or other occupiers
- Court
- Court of First Instance
- Case number
- HCA481/2012
The 1984 Memorandum was an equitable mortgage by deposit of title deeds rather than an outright sale; Lucky Power, having validly purchased and registered title, is a bona fide purchaser for value entitled to exercise the equitable right of redemption and to take possession; the unregistered 2007 Tenancy Agreement is void against Lucky Power; therefore Lucky Power succeeds and the defendants' counterclaims are dismissed, with orders for account, payment, delivery of title deeds and vacant possession upon payment and inquiry as to compensation.