26 Mar 2018
ACROPOLIS LTD suing on behalf of itself and all other shareholders in AESO HOLDING LTD AND ANOTHER v. W&Q INVESTMENT LTD AND OTHERS
- Citation
- [2018] HKCA 184
- Court
- Court of Appeal
- Case number
- CACV276/2017
The Court of Appeal allowed the appeals, set aside the interlocutory injunction because the judge erred in assessing the balance of convenience: there was insufficient evidence of asset dissipation or irreparable harm caused by allowing the New Board to act, the injunction would deprive the listed company of a functioning board and cause harm not adequately compensable by damages, and the undertakings offered by the appellants provided adequate safeguards; however the cross‑injunction restraining the 2nd Plaintiff from acting for the companies without board authorization was appropriate and w…