27 Feb 2012
CHINACHEM CHARITABLE FOUNDATION LTD v. CHAN CHUN CHUEN AND ANOTHER
- Citation
- CHINACHEM CHARITABLE FOUNDATION LTD v. CHAN CHUN CHUEN AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCAP8/2007
The court found the Administrators had a good arguable case on liability for quantified Additional Costs and that multiple objective factors—prior findings of the defendant's dishonesty, his public disparagement of the courts, precarious financial position, delaying tactics and capacity to move assets internationally—created a real risk of dissipation; accordingly the Mareva injunction and a broad post‑judgment disclosure order were justified. The discharge and variation applications failed because no material change dispelled the risk of dissipation and the post‑judgment disclosure should no…