31 Jan 2018
張才奎所託管中國山水投資有限公司股份相關員工 AND OTHERS v. 張才奎 AND ANOTHER
- Citation
- [2018] HKCFI 195
- Court
- Court of First Instance
- Case number
- HCA939/2015
The court held that the participating employees were the actual contributors and equitable owners of the relevant interests, that on 11 April 2005 an equitable/fixed trust in favour of the employees over 617,669 CSI shares arose (such that 456,325 shares are held for the plaintiffs in specified proportions), that the later BVI discretionary trusts executed in November 2005 could not validly resettle or defeat the pre-existing fixed trusts without informed consent, and that the 2008 Confirmation did not constitute informed ratification of BVI discretionary trusts; accordingly a declaration and…