23 Mar 2010
HORNOR RESOURCES (INTERNATIONAL) CO LTD v. SAVVY RESOURCES LTD
- Citation
- HORNOR RESOURCES (INTERNATIONAL) CO LTD v. SAVVY RESOURCES LTD
- Court
- Court of First Instance
- Case number
- HCA335/2010
The court found the plaintiff has a good arguable case and has shown good arguable grounds of dishonest conduct by the defendant leading to a real risk of dissipation; procedural defects (delay in service and some ex parte non-compliance) were not sufficient to discharge the injunction; on balance of convenience the continuation of the Mareva injunction (as varied) was justified; accordingly the application to discharge was refused, the Mareva injunction was continued and the proceedings were stayed subject to liberty to apply.