30 Jun 2010
UDL HOLDINGS LTD AND ANOTHER v. LEUNG YUET KEUNG AND ANOTHER
- Citation
- UDL HOLDINGS LTD AND ANOTHER v. LEUNG YUET KEUNG AND ANOTHER
- Court
- Court of Final Appeal
- Case number
- FAMV7/2010
Leave to appeal dismissed because the defendants did not acquire plaintiffs' property: Well Raise only had an equity of redemption which was effectively extinguished on default and Nippon Credit became entitled to the vessel and assigned insurance; therefore there was no misappropriation and no basis for strict liability to account for profits, and the proposed appeal was not reasonably arguable.