31 Aug 2023
TSAI LEE TING AND ANOTHER v. BEST LEADER PRECIOUS METALS LTD AND OTHERS
- Citation
- [2023] HKCFI 2124
- Court
- Court of First Instance
- Case number
- HCA102/2023
At interlocutory stage the court found a good arguable case of fraud and that representative proceedings were properly constituted for the common issue that the investment products were fraudulent; however plaintiffs failed to demonstrate a good arguable case as to quantum sufficient to justify Mareva injunctions at the claimed ceiling and had not adequately disclosed the potential double actionability defence at the ex parte stage; accordingly Mareva injunctions against D8 and D10 were not continued and the Mareva against D9 was discharged, while proprietary injunctions were continued agains…