Read the full judgment text of HCA 813/2014 on BabelCite. This High Court CFI judgment was delivered on 30 May 2023 before Hon Lok J.
Civil litigation – beneficial ownership – nominee arrangement – trust – illegality – counterclaim – conspiracy – breach of contract – securities account – High Court – Sun Yan v Superb Jade Limited – Core issue whether Sun Yan is beneficial owner of Superb Jade Shares and SWS Account – Court finds Sun is beneficial owner based on control, payment of costs, and witness credibility – Alternative plea of illegality rejected as Sun does not need to rely on it – Counterclaim dismissed as it depends on Original Claim outcome – Costs order nisi made – Case referred to SFC regarding Shum Lai Na.
Legal issues: Beneficial ownership of Superb Jade Shares and SWS Account · Enforceability of trust despite alleged illegality · Merits of Counterclaim
Outcome: Judgment for Plaintiff on Original Claim; Counterclaim dismissed.
Cites 2 cases