Trustees ordered to hand over compensation payable on resumption

In Howin Industrial Ltd v Li Koon Lin ([2013] HKEC 372, CFI) P divided property it owned into sections and assigned one section to each of the defendants (to make use of their rights as indigenous villagers). They did not provide any consideration (although the assignments stated that they did). They then executed declarations of trust in favour of P (which was later wound up). The government resumed some of the land. The plaintiff was granted a declaration that it was the beneficial owner of the sections and entitled to any future compensation payments received from the government. Defendants who had already received compensation were ordered to pay it over to P.

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