16 Nov 2022
CHEN YU v. SKY MERIT LTD AND OTHERS
- Citation
- [2022] HKCFI 3417
- Court
- Court of First Instance
- Case number
- HCA725/2022
The court found a good arguable case that Sky Merit BVI held specified funds and the Anglepoint Fund investment on trust/nominee for the plaintiff and that damages would be inadequate because Sky Merit BVI lacked assets; accordingly it granted a proprietary injunction restraining Sky Merit BVI from removing US$2,197,480.29 and restrained dealings with the US$3m Anglepoint Fund investment, ordered ancillary disclosure, refused Mareva relief where defendants had paid into court and given undertakings, and dismissed the application to adduce the 4th affirmation for want of probative value and ex…