17 Nov 2014
YIFUNG PROPERTIES LTD AND OTHERS v. MANCHESTER SECURITIES CORP AND OTHERS
- Citation
- YIFUNG PROPERTIES LTD AND OTHERS v. MANCHESTER SECURITIES CORP AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1341/2014
The court found an Event of Default occurred on 17 March 2014 due to non-payment; the MLO challenge, estoppel and agency complaints were demurrable or lacked a serious issue to be tried; accordingly the injunction application in HCA1359 was dismissed and leave to amend the writ refused except for limited factual additions; in HCA1341 the court granted mandatory orders compelling delivery up of YDL records/assets and access and letters to auditors/banks (except order prohibiting removal of assets outside Hong Kong), concluding the receivers and new directors were validly appointed and acted in…