16 May 2014
WAH HING STRATEGY COMPANY LTD v. TANG OI MAN
- Citation
- WAH HING STRATEGY COMPANY LTD v. TANG OI MAN
- Court
- Court of First Instance
- Case number
- HCA16693/1999
The Agreement and the Deed amounted to an illegal development scheme and are unenforceable; however, because the defendants did not pay the purchase consideration or construction costs and plaintiff advanced the purchase price and construction outlays, the court implies a resulting trust in favour of the plaintiff so that the defendants hold the registered title as trustees; accordingly the power of attorney granted to Grand is void, the defendants are restrained from granting any P/A without the plaintiff's prior written consent, and the registration of the Deed of Development is to be vacat…