13 Jul 1987
HONG THAI CITIZENS TRAVEL SERVICES LTD v. HANG SENG BANK LTD
- Citation
- HONG THAI CITIZENS TRAVEL SERVICES LTD v. HANG SENG BANK LTD
- Court
- Court of First Instance
- Case number
- HCMP1008/1987
No trust was created over the time deposit: there was no intention to create a trust and the class of potential beneficiaries was too uncertain; accordingly the deposit was not and never was subject to any trust and the bank held it free of encumbrance and could pay it out on maturity.