15 Oct 2008
CASEY MCDONALD AND ANOTHER v. GOLDEN DYNASTY ENTERPRISES LTD AND OTHERS
- Citation
- CASEY MCDONALD AND ANOTHER v. GOLDEN DYNASTY ENTERPRISES LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP2388/2007
The court ordered directors to execute the prescribed board resolution and power of attorney (with specified drafting modifications) because such instruments do not reinstate directors' management powers, are consistent with the receivers' mandate under the BVI/Samoa/Hong Kong orders, are pragmatically necessary to enable effective preservation and control of assets in PRC subsidiaries where appointment orders alone may not be recognised, and can be tailored to avoid unlawful delegation, inappropriate indemnities or irrevocability beyond the court's control.