19 Dec 2018
Li v 110 Formosa (NZ) Limited [2018] NZHC 3418
- Citation
- [2018] NZHC 3418
- Court
- High Court
Plaintiff established on the balance of probabilities that the $4.8m deposited was beneficially his and that a resulting trust arose such that the proportion of Defendant Wang's shareholding representing that contribution is held on resulting trust for the plaintiff; plaintiff also established breach of contract by Wang entitling plaintiff to damages equal to the $4.8m contribution; other claims (constructive trust over land, fiduciary duty, knowing assistance, money had and received, negligent statutory breach and claims against 110 Formosa and Loo & Koo) were dismissed; remedies for resulti…