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Hong Kong failure of considerationburden of proof

Big Island Construction (HK) Ltd v Wu Yi Development Co Ltd

(2015) 18 HKCFAR 364
JurisdictionHong Kong
CourtHong Kong Court of Final Appeal
Year2015
StatusBinding authority

Key Principle

Money advanced for a specific purpose may be held on a Quistclose trust where the parties intend that the funds be used only for that purpose and, if the purpose fails, returned to the lender. The trust arises from the parties' intention objectively ascertained from the circumstances of the advance.

Area of Law

Equity — Quistclose trusts — commercial trusts

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Sir Elly Kadoorie & Sons Ltd v Samantha Jane Bradley [2026] HKCFA 2
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Re USUM Investment Group Ltd [2026] HKCFI 1320

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