3 Oct 2016
PETER CHEUNG & CO., SOLICITORS (a firm) v. PERFECT DIRECT LTD AND ANOTHER
- Citation
- PETER CHEUNG & CO., SOLICITORS (a firm) v. PERFECT DIRECT LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP2493/2012
The appeal is dismissed because the arbitration tribunal had considered and rejected Perfect Direct's factual defences and determined issues going to the validity of the 2010 guarantee and Mr Yu's entitlement; an enforcement order has been granted and not challenged; therefore res judicata and the proper exercise of the court's discretion justified the master's order to release the subject convertible notes, and no irremediable prejudice to Perfect Direct was shown.