26 Mar 2020
AKBANK T.A.S. v. MAINFORD LTD AND OTHERS
- Citation
- [2020] HKCFI 396
- Court
- Court of First Instance
- Case number
- HCA3264/2016
The court found on the unchallenged documentary and witness evidence that the funds paid into the defendants' accounts derived from the plaintiff and that D1 and other specified defendants were unjustly enriched; D1 failed to discharge the evidential burden that transfers out were unauthorised or that it was merely an innocent conduit; constructive trusts were imposed and knowing receipt established; plaintiff entitled to payment and declarations; wasted costs order declined in discretion.