Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Redemption of legal charge
  • 14 Oct 2011

    ELSUN LTD v. CHIN MARGARET

    Citation
    ELSUN LTD v. CHIN MARGARET
    Court
    District Court
    Case number
    DCCJ361/2008

    Because the vendor (Chin) wilfully refused or neglected to comply with the specific performance order and related directions and thereby stood as a trustee of the property for the purchaser, the court exercised its power under O.45 r.8 and sections 45 and 49 of the Trustee Ordinance to permit the purchaser to redeem the legal charge, lodge the certified remainder in court and vest the legal and beneficial estate in the purchaser.