10 Oct 2011
NG LUK MUI AND ANOTHER v. SHIU TSUN WAI, VINCENT AND ANOTHER
- Citation
- NG LUK MUI AND ANOTHER v. SHIU TSUN WAI, VINCENT AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV51/2011
The Court of Appeal held that on the findings of fact the 2nd defendant provided valuable consideration (including satisfaction of an existing debt of HK$427,040), took the assignment in good faith without notice of Madam Ng's equitable interest, and therefore was a bona fide purchaser for value without notice; the appeal was allowed and the inferior court's orders in respect of claim and counterclaim were set aside accordingly.