19 Dec 2017
CYBERLAND (CHINA) LTD v. ZHANG WEI BING AND ANOTHER
- Citation
- CYBERLAND (CHINA) LTD v. ZHANG WEI BING AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV266/2015
The Court held that Cyberland failed to prove the transfer of the 3rd CB was voluntary or gratuitous; non-payment of the stated consideration in the transfer document does not automatically give rise to a presumption of resulting trust where the parties each advance competing accounts that the transfer was pursuant to an agreement; accordingly no resulting trust arose and the appeal is dismissed.