9 Nov 2022
GAVIN WILLIAM BROWN v. ASTRON CORPORATION LTD
- Citation
- [2022] HKCFI 3426
- Court
- Court of First Instance
- Case number
- HCMP1308/2021
The court granted an interim injunction because there was a serious issue to be tried that the proposed in‑specie distribution would be made out of non‑distributable profits contrary to s 297, the management accounts did not constitute adequate financial statements enabling a reasonable judgment as to distributable profits, damages would be an inadequate remedy, and the balance of convenience favoured preserving the status quo pending substantive determination.