8 Oct 2015
NICE BEAUTY LTD v. LYDIA MOO YUN FUNG MEMORIAL FOUNDATION LTD
- Citation
- NICE BEAUTY LTD v. LYDIA MOO YUN FUNG MEMORIAL FOUNDATION LTD
- Court
- Court of First Instance
- Case number
- HCA827/2013
The defendant held legal title as trustee; the purchase money was beneficially owned by Yulin Library so a resulting trust in favour of Yulin Library arose; the 2012 assignment by Yulin Library to the plaintiff was valid and approved by the Yulin Government; the defendant failed to prove the allegation of undervalue; accordingly the plaintiff is sole beneficial owner and entitled to transfer of legal title, an account of profits and costs.