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Hong Kong Leading Case equitable compensationaccount falsify surchargesubstitutive vs reparativecausation

Libertarian Investments Ltd v Hall

(2013) 16 HKCFAR 681; [2013] HKCFA 93
JurisdictionHong Kong
CourtCourt of Final Appeal (HKCFA)
Year2013
StatusBinding authority

Key Principle

On unauthorised dissipation of trust property the beneficiary may surcharge/falsify the account and obtain substitutive equitable compensation measured at the date of judgment with hindsight, without proving common-law but-for causation.

Area of Law

Equity, Trusts & Restitution

Related Cases

Tang Ying Loi v Tang Ying Ip (alias Tang Ying Yip) and Others (2017) 20 HKCFAR 53; [2017] HKCFA 3
Mo Ying v Brillex Development Ltd and Another [2015] 2 HKLRD 985; [2015] HKCA 156
Cheung Pui Yuen and Others v Worldcup Investments Inc and Others (2009) 12 HKCFAR 31

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