2 Dec 2022
A1 AND ANOTHER v. W1 AND ANOTHER
- Citation
- [2022] HKCFI 3637
- Court
- Court of First Instance
- Case number
- HCCT14/2022
The court refused leave to appeal and upheld its order for security: the tribunal's awards concerned contractual restitution based on PRC tax authority determinations and did not directly deal with foreign revenue; the defendants failed to make frank disclosure of assets (notably recurring US$600,000 receipts and transfers) and the conduct of the 2nd defendant's controller created a real dissipation risk; the judge's exercise of discretion was within lawful bounds and not plainly wrong.