25 May 2004
FU KONG, INC. v. HUA YUN DA GROUP LTD
- Citation
- FU KONG, INC. v. HUA YUN DA GROUP LTD
- Court
- Court of First Instance
- Case number
- HCA511/2001
On the facts the US$300,000 was advanced for the express and specific purpose of purchasing export quotas, giving rise from the outset to a Quistclose-type resulting trust in favour of the Plaintiff; the Defendant failed to prove it paid the sum to Jingmao and, having acquired knowledge of the primary facts by 4 December 2001, was affected by the trust and is ordered to repay the sum with interest and costs.