28 Aug 2014
TYG CAPITAL FUND (IN LIQUIDATION) v. HILDA HOR YEE CHAN AND OTHERS
- Citation
- TYG CAPITAL FUND (IN LIQUIDATION) v. HILDA HOR YEE CHAN AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP2123/2014
Leave to appeal was refused because the deputy judge correctly discharged the ex parte Shareholder Restraint; given the undertakings, the intended appointment of independent directors who would owe fiduciary duties, and available Cayman Islands remedies (including a five day notice rule), the imposition of the Shareholder Restraint was not reasonably arguable and the leave application was totally without merit.