‘Extent of fiduciary duties depend on the relationship’

In Jong Yat Kit v Li Mun Hok Steven ([2025] HKCFI 1764) a very wealthy father opened a bank account in November 2005. Soon after, he made one of his sons (‘the son’) an authorised signatory to the account. Over the next year, the son withdrew over HK$36 million from the account. These withdrawals included a very large payment to the son’s wife. The father died intestate towards the end of that year … (more)

[Michael Lower, Hong Kong Land Law Blog, 9 June 2025]

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