Cheryl Mok

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The Hong Kong Court of Final Appeal considers principles of Quistclose trust

Jul 29, 2024 | lexology.com | Jojo Fan |Rachael Shek |Veronica So |Timothy Shaw |Cheryl Mok

The recent Court of Final Appeal (the "CFA") case of China Life Trustees Limited v China Energy Reserve and Chemicals Group Overseas Company Limited [2024] HKCFA 15 provides an authoritative and thorough analysis of the principles governing whether a Quistclose trust arises in relation to intra-group transfer of funds, highlighting potential pitfalls faced by creditors.

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