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The Decision In Akai: The Interaction Of Apparent Authority And Knowing Receipt, Michael Lp Lower
The Decision In Akai: The Interaction Of Apparent Authority And Knowing Receipt, Michael Lp Lower
Michael LP Lower
The recent decision of Hong Kong's Court of Final Appeal in Thanakharn Kasikorn Chamkat (Mahachon) v Akai Holdings Ltd ([2010] HKEC 1692, CFA) illustrated the interaction of parallel claims in the tort of conversion and for knowing receipt when a director wrongly claims to be entitled to give a lender security over corporate assets that are then disposed of in exercise of the lender's (non-existent) security rights.