31 Aug 2017
ACROPOLIS LIMITED suing on behalf of itself and all other shareholders in AESO HOLDING LTD AND ANOTHER v. W&Q INVESTMENT LTD AND OTHERS
- Citation
- ACROPOLIS LIMITED suing on behalf of itself and all other shareholders in AESO HOLDING LTD AND ANOTHER v. W&Q INVESTMENT LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1496/2017
The court found there was a serious issue to be tried based on the evidence (timing of CCASS transfers, connections shown in investigation material, meeting notes and other indicia pointing to a possibly fraudulent device) and that the balance of convenience favoured preserving the company and its operating subsidiary pending trial; accordingly the court granted a limited interlocutory injunction restraining the specified defendants from relying on or implementing the Disputed EGM resolutions (with narrowly drawn exceptions) and allowed permissive procedural relief (addition of parties and se…