14 Jun 2017
Relevant employees whose shares in China Shanshui Investment Company Limited held by ZHANG CAIKUI on trust (Please refer to Schedule 1 attached to the Writ of Summons for names of the relevant employees) AND ANOTHER v. ZHANG CAIKUI AND ANOTHER
- Citation
- Relevant employees whose shares in China Shanshui Investment Company Limited held by ZHANG CAIKUI on trust (Please refer to Schedule 1 attached to the Writ of Summons for names of the relevant employees) AND ANOTHER v. ZHANG CAIKUI AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1766/2014
The application for directions was dismissed because applicants failed to meet the heavy onus to show lack of good faith or legal error by the receivers; the general mandate's grant did not by itself threaten immediate dilution; the receivers had undertaken not to vote to dilute CSI and there was no cogent evidence of conspiracy or imminent exercise warranting court intervention at this interlocutory stage.