7 Dec 2001
CTO (H.K.) LTD. v. LI MAN CHIU AND OTHERS
- Citation
- CTO (H.K.) LTD. v. LI MAN CHIU AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA5165/2001
The ex parte Mareva injunction was discharged because the plaintiff made material but not culpable insufficient disclosure regarding its financial position to the ex parte judge; nonetheless, on the merits there was a good arguable case against the 2nd defendant and a real risk of dissipation, and therefore a fresh Mareva injunction was properly re-granted in the exercise of discretion provided the plaintiff fortifies its undertaking by providing a HK$1,000,000 bank guarantee within seven days; the prohibitory restraint against the 1st defendant was reasonable and retained; specific exception…