Read the full judgment text of HCA 282/2022 on BabelCite. This High Court CFI judgment was delivered on 14 March 2024.
1. In March 2016, Wang Chiyu transferred HK$40,433,247.93 of Empire Summit’s monies to Sun Hongmei’s bank account no. 861516702581 (the account) with International and Commercial Bank of China (ICBC). The monies were transferred in three tranches. Wang was Empire Summit’s sole director at the time and there was no reason at all for the transfer. Thus, in acting as he did, Wang breached his fiduciary duty to Empire Summit. The monies in Sun’s account were consequently imbued with a resulting trus
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