24 Aug 2023
TOYOTA BOSHOKU EUROPE N.V. v. KINGSVILLE (HK) ENTERPRISES LTD AND OTHERS
- Citation
- [2023] HKCFI 2056
- Court
- Court of First Instance
- Case number
- HCA452/2022
The court limited the proprietary injunction against D7 to the lowest intermediate balance of D7's account (HK$10,318.25) because of tracing principles, but continued the Mareva injunction over the full traceable sum (US$311,833) because plaintiff proved a good arguable case and a real risk of dissipation based on anomalies, lack of credible trading records and incomplete disclosure by D7; ancillary disclosure and a banker's disclosure under s21 Evidence Ordinance were granted; the Mareva quantum was not reduced for 'over‑security' at this interim stage because equitable protection against mu…