Hong Kong Leading Case proprietary claimmixed fundunauthorised profitelection

Tang Ying Loi v Tang Ying Ip (alias Tang Ying Yip) and Others

(2017) 20 HKCFAR 53; [2017] HKCFA 3

JurisdictionHong Kong

CourtCourt of Final Appeal (HKCFA)

Year2017

StatusBinding authority

Key Principle

Where a trustee/fiduciary applies trust money to acquire property for himself, the beneficiary may elect to claim a proportionate proprietary share in the asset (and its increase in value); repayment with interest does not extinguish the claim — any profit is for the beneficiary, any loss for the trustee.

Area of Law

Equity, Trusts & Restitution

Related Cases

Mo Ying v Brillex Development Ltd and Another [2015] 2 HKLRD 985; [2015] HKCA 156

Libertarian Investments Ltd v Hall (2013) 16 HKCFAR 681; [2013] HKCFA 93

Cheung Pui Yuen and Others v Worldcup Investments Inc and Others (2009) 12 HKCFAR 31

Ask CommonBench about this case

Get a detailed analysis of Tang Ying Loi v Tang Ying Ip (alias Tang Ying Yip) and Others and how it applies to your situation.

Explain Tang Ying Loi v Tang Ying Ip (...