30 Jan 2004
PANCO INDUSTRIAL HOLDINGS LTD v. DING PENG AND OTHERS
- Citation
- PANCO INDUSTRIAL HOLDINGS LTD v. DING PENG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCL98/1995
The judge refused the Mareva injunction in the form sought because the adverse effects on third parties and interference with the Shenzhen stockmarket regulatory regime outweighed the plaintiff's interest in preservation of the shares; the matter was primarily one for the Shenzhen authorities, but the court granted leave to seek a more limited preservation order and provided directions for assessment of damages, discovery timetables, expert evidence and costs.