12 Feb 2010
NEW TIMES ENERGY CORPORATION LTD (formerly known as NEW TIMES GROUP HOLDINGS LTD) v. CHAN KOON WA AND OTHERS
- Citation
- NEW TIMES ENERGY CORPORATION LTD (formerly known as NEW TIMES GROUP HOLDINGS LTD) v. CHAN KOON WA AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP1492/2009
The court granted interpleader because New Times demonstrated a real risk of being sued by competing claimants, there was insufficient evidence of collusion at the time of the application, it was impartial and ready to deposit or withhold the T2 Shares, and the principal dispute as to entitlement should be tried between the Vendors and Dragon Day with New Times bound by the court's determination.