27 Nov 2012
MIRAMAR HOTEL & INVESTMENT CO LTD v. EXPRESS CROSS BORDER COACH MGT. CO. LTD
- Citation
- MIRAMAR HOTEL & INVESTMENT CO LTD v. EXPRESS CROSS BORDER COACH MGT. CO. LTD
- Court
- Court of First Instance
- Case number
- HCA1693/2007
On the agreed facts and documentary record the plaintiff had provided the agreed consideration and was entitled to 2,000 shares and its proportionate share of revenue; none of the suggested terms met the strict tests for implication (necessity and obviousness), the alleged Deed of Indemnity had no legal effect for the purpose asserted, and the defendant's contrary contentions failed; accordingly specific relief (allotment, registration, anti‑dilution injunction), payment of revenue with credit for sums already paid, disclosure, an account and inquiry and costs were ordered.