6 Mar 2012
CHAN KWONG AND OTHERS v. CHAN CHEUK TONG AND ANOTHER
- Citation
- CHAN KWONG AND OTHERS v. CHAN CHEUK TONG AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP202/1998
The court concluded that transfers of the properties allocated to shares can suffice to transfer the beneficial interest in the shares; absent clear contrary evidence the court will admit assignees as beneficiaries but where documentary ambiguity remains trustees must obtain targeted confirmations or declarations and report on their investigations and accounts to the court; procedural directions and limited costs order were made to enforce trustee duties.