Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Personal guarantees and security
  • 31 Jan 2008

    RE WEST TRUE DRAGON TRANSPORTATION (HK) LTD

    Citation
    RE WEST TRUE DRAGON TRANSPORTATION (HK) LTD
    Court
    Court of First Instance
    Case number
    HCCW47/2008

    The court refused to exercise its discretion to grant an interim injunction because the ex parte application was made late without adequate justification, the asserted risk of the bank calling guarantees was speculative, the petitioner had already been removed from the company's substantive mainland subsidiary, and there was no evidence respondents would act to sabotage the company; accordingly the petitioner failed to show the requisite basis for injunctive relief.