Filipino church’s ownership of Kowloon cinema premises affirmed upon determining its valid exercise of an option to purchase
In JIL Investments Limited v Jesus Is Lord Church Limited [2026] HKCFI 1119, the Court of First Instance ruled that the Defendant, the Hong Kong branch of a global evangelical Christian church founded in the Philippines, after having paid in excess of HK$23 million by way of monthly payments over 12 years, had validly exercised an option to purchase its premises in Sham Shui Po from the Plaintiff landlord for a further HK$1. In 2003, the parties entered into a Lease and Purch
2 days ago
CFI enters judgment exceeding HK$234 million against a prominent businessman who denied signing personal guarantee deeds
In China Energy Development Holdings Limited v Yeung Ka Sing, Carson [2026] HKCFI 1693, the Court ruled that the Plaintiff, represented by Mr Jacky Lam, could recover amounts owed to it by personal guarantee in excess of HK$234 million. The issue was whether the Defendant, a prominent businessman, had in fact signed two personal guarantee deeds whose effect was to transfer the debt of a media company of which he was a substantial shareholder to him personally. Between 2008
6 days ago
