2 Apr 2020
TSANG YEE KAM v. YIP KWUN LUN, the executor of the estate of YIP SHING, Deceased
- Citation
- [2020] HKCFI 553
- Court
- Court of First Instance
- Case number
- HCA608/2014
The court declared that Mother is beneficially entitled to 50% of Chung Sing Flat, 50% of Shop 10 and a 50% share of the Sale Proceeds of Yau Wing Hong Tower (RMB 1,800,000 → RMB 900,000), and that Father/D held those assets on trust for Mother and himself as tenants in common in equal shares. The decision was based on (a) direct payment by Mother/Madam Leung of the refunded sum used as down payment (HK$14,840) and continuing contributions to mortgage/outgoings, (b) joint contributions and conduct evidencing a common intention that the family business Yau Wing Hong and its profits/assets were…