17 Oct 2003
YUANTA SECURITIES ASIA FINANCIAL SERVICES LTD v. CORE PACIFIC INVESTMENT HOLDINGS (BVI) LTD AND OTHERS
- Citation
- YUANTA SECURITIES ASIA FINANCIAL SERVICES LTD v. CORE PACIFIC INVESTMENT HOLDINGS (BVI) LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW804/2003
The company failed to discharge the heavy onus of demonstrating that its active and partisan participation or expenditure in the s168A/s177(1)(f) proceedings was necessary or expedient in the interests of the company as a whole; the petition constitutes a dispute between shareholders and not between the petitioner and the company, so the asserted arbitration rights do not justify the company taking an active role; accordingly an interlocutory injunction was granted restraining the company from participating in or expending funds on the petition and related strike out/stay applications except…