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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
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
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