21 May 2015
CROWN MASTER INTERNATIONAL TRADING CO LTD v. CHINA SOLAR ENERGY HOLDINGS LTD
- Citation
- CROWN MASTER INTERNATIONAL TRADING CO LTD v. CHINA SOLAR ENERGY HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCA21/2015
The application for an interim injunction was dismissed because Crown Master had given value before the Company acquired notice of its mere equity and, having taken steps enabling registration and later completing registration, Crown Master was entitled to priority as a bona fide purchaser for value without notice under the principles in Macmillan v Bishopsgate and the statutory framework (Companies Act 1981 (Bermuda)); grounds challenging title were demurrable and on balance of convenience withholding the injunction avoided greater injustice to Crown Master.