The claimant company was owned by members of a family and was formed to take ownership of land in Taiwan. The family members disputed whether property was held for the company or in trust for one particular family member.
Held: Fraud being alleged the court must exert particular caution before finding that allegations were established. ‘Taking everything into consideration, the conclusion I have come to is that the preponderance of the evidence supports Gorgeous Beauty’s case on each of the sub-issues which make up the key factual issue. I therefore conclude that the Longtan Property was purchased for the benefit of YSC’s shareholders, not for the benefit of William Liu, and that the Declaration of Trust was made without the consent of the majority of the shareholders in Gorgeous Beauty.’ Allowing the application of the law of Seychelles where appropriate, an award was made in the terms requested by the claimant.
Arnold J
[2014] EWHC 2952 (Ch)
Bailii
England and Wales
Cited by:
Main Judgment – Gorgeous Beauty Ltd v Liu and Others (Costs) ChD 2-Oct-2014
. .
Lists of cited by and citing cases may be incomplete.
Trusts, International, Torts – Other
Updated: 02 November 2021; Ref: scu.537221
