2 Aug 2013
LU JUN v. YU QI AND OTHERS
- Citation
- LU JUN v. YU QI AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW282/2010
The application for interim receivers was dismissed because it was premature and misconceived: the independent valuer had been appointed and there was no evidence of incapacity or lack of documents; the buy-out obligation rested on the 1st and 3rd respondents who were not shown to be unable to pay; the valuation date was already fixed; alleged asset dissipation was not pursued; and receivership is a draconian remedy unjustified on the facts.