2 Jun 2006
THAI LONG INVESTMENTS LTD v. THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD
- Citation
- THAI LONG INVESTMENTS LTD v. THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD
- Court
- Court of First Instance
- Case number
- HCCL4/2006
The ex parte injunction was discharged because the plaintiff failed to join the beneficiary and other parties truly interested in the documentary credit, delayed fixing an appropriate return date contrary to practice direction, and there was evidence that third parties in good faith had or likely had claims to the funds making the plaintiff unlikely to resist payment; continuing the injunction would be abusive and undermine the integrity of the documentary credit system.