Intention and Quistclose trusts in the Hong Kong Court of Final Appeal: a disguised departure from the orthodoxy?

The irony behind a simple definition of ‘[t]rusts for the transfer of money or other property for a specified purpose’ 1 is that, in continuing to name them after Barclays Bank v Quistclose Investments , 2 the doctrine seems to be as elusive as ever. 3 In China Life Trustees v China Energy Reserve and Chemicals Group Overseas Company , 4 the task of throwing light on the Quistclose trust fell to the Hong Kong Court of Final Appeal (HKCFA) for the first time.