29 Jul 2022
CHINA CITY CONSTRUCTION (INTERNATIONAL) CO, LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) v. CHAMP PRESTIGE INTERNATIONAL LTD AND ANOTHER
- Citation
- [2022] HKCFI 2314
- Court
- Court of First Instance
- Case number
- HCCW30/2022
The court found a good arguable case that the transfers and subsequent dissipation of sale proceeds formed part of a scheme to strip Dingway of its only valuable asset, justifying continuation of Mareva (freezing) relief up to US$103,000,000; however Dingway lacked a viable proprietary claim to the Sale Proceeds (no proprietary base in the land), so the proprietary components of the injunctions were discharged; Injunction(1) was discharged and re‑granted in HCA as a Mareva injunction; transfer of the initial injunction into HCA was ordered; pleadings deficient for particulars but not plainly…