18 May 2005
SUPER MASTER HOLDINGS LTD v. CHUNG NAM SECURITIES LTD AND ANOTHER
- Citation
- SUPER MASTER HOLDINGS LTD v. CHUNG NAM SECURITIES LTD AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV117/2004
The appeals were dismissed: the judge did not err in refusing the adjournment because the application was inordinate and unsupported by evidence of the expert valuation sought; and objectively measured, the 1st defendant took all reasonable steps available in the unique market circumstances to obtain the best price and therefore did not breach its duty when selling the shares for $10,000,000.