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Hong Kong resulting trustsguarantees and indemnities

China Life Trustees Limited v China Energy Reserve and Chemicals Group Overseas Company Limited

[2023] HKCA 966
JurisdictionHong Kong
CourtHK Court of Appeal
Year2023
StatusBinding authority

Summary

The HK Court of Appeal reviewed the law on Quistclose trusts and their application in commercial contexts, examining when monies paid for a specific purpose give rise to a resulting trust.

Key Principle

The Court of Appeal reviewed the law on Quistclose trusts and their application in commercial contexts.

Area of Law

trusts

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