Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Trustee duties (accountability)
  • 28 Aug 2024

    LCTD v. CKMC

    Citation
    [2024] HKFC 156
    Court
    Family Court
    Case number
    FCMC6340/2018

    On the balance of probabilities the Interveners failed to prove the existence of express trusts over the CEC and CL shares because critical evidence from the settlor was absent, testimony was inconsistent and largely self‑serving, there was no contemporaneous documentary evidence, and the arrangements were more consistent with an informal family distribution than legally enforceable trusts; accordingly the Points of Claim are dismissed and no declaration of beneficial ownership is granted to the Interveners.