8 Feb 2001
CHEUNG YIU WING v. KING PACIFIC INTERNATIONAL HOLDINGS LTD. AND ANOTHER
- Citation
- CHEUNG YIU WING v. KING PACIFIC INTERNATIONAL HOLDINGS LTD. AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA10063/2000
An interim receiver was justified because the HK$135,000,000 investment in the PRC joint venture was at real risk, there was prima facie evidence that the managing director controlled the board and had not taken steps to protect the asset, and the balance of convenience favored independent temporary control to protect the company's assets pending trial.