15 Nov 2004
WAH SUN INVESTMENTS LTD & ANOTHER v. WINLAND FINANCE LTD
- Citation
- WAH SUN INVESTMENTS LTD & ANOTHER v. WINLAND FINANCE LTD
- Court
- Court of First Instance
- Case number
- HCA2517/2003
Winland's ex parte Mareva application failed because it did not make proper enquiries nor disclose material matters (notably settlement negotiations and relevant information about the defendant's business/income), and it failed to prove a real risk of dissipation by objective evidence; accordingly the HK$9,000,000 security is discharged, the cross-undertaking is enforceable, and Winland's application for a fresh Mareva injunction is dismissed.