Read the full judgment text of HCA 001099/1997 on BabelCite. This High Court CFI judgment was delivered on 9 December 1998.
1. The focus of this case is the right to the sum of HK$16,890,975.40 presently standing in Court pending resolution of these proceedings. There is no dispute about how or why this sum came to be in Court; what remains controversial is whose money this is. The Plaintiffs claim that it is theirs', whilst the 1st Defendant, their erstwhile joint venture partner, asserts not that it belongs to him, but that it is impressed with a trust in favour of the 3rd Defendant, a Bahamanian company and the pa