7 Oct 2013
ASPIAL INVESTMENT LTD AND ANOTHER v. MAYER CORPORATION DEVELOPMENT INTERNATIONAL LTD
- Citation
- ASPIAL INVESTMENT LTD AND ANOTHER v. MAYER CORPORATION DEVELOPMENT INTERNATIONAL LTD
- Court
- Court of Final Appeal
- Case number
- FAMP2/2013
The application for a stay was refused because, on a preliminary assessment, the appeal did not have reasonable prospects of success given concurrent factual findings below (including that Lai as sole director would be ostensible authority and the judge's finding of a sale for HK$42.5 million), respondents offered an undertaking not to sell the shares, the risk of the appeal being rendered nugatory was low, and there was no basis to require security under s26(2) or the court's inherent jurisdiction.