6 Jun 2023
CHEN YUE v. LI SHAN AND ANOTHER
- Citation
- [2023] HKCFI 1525
- Court
- Court of First Instance
- Case number
- HCA524/2022
The variation application was dismissed because the evidence that one quarter of the Redemption Amount had been paid to third parties was belated and unexplained, the injunction was properly aimed at preserving the Company's assets (Investment 8 was USD4m) pending trial, and D1 failed to show a legal obligation requiring the Company to repay the third parties on partial redemption; the requested time extension became academic when the transfer was credited on 29 May 2023.