24 Oct 2023
HUNDRED GAIN INTERNATIONAL HOLDING LTD v. CHENG MEI HOLDINGS LTD (RECEIVERS AND MANAGERS APPOINTED) AND OTHERS
- Citation
- [2023] HKCFI 2705
- Court
- Court of First Instance
- Case number
- HCA502/2023
The Agreement is a contract for the sale of the Shares and Sale Loan only and does not create any legal or equitable interest in the Property because the owner (Smart Edge) is not a party, the receivers acted as agents and disclaimed personal liabilities, and contractual provisions relied on (vacant possession, title deeds, risk) do not convert a share sale into a land disposition; consequently the Agreement and the Writ (so far as based on the Agreement) are not registrable under the LRO and the Writ is to be removed from the pending section; the equitable lien claim is a lis pendens but is…