13 Aug 2009
UNITED OVERSEAS BANK (CHINA) LTD v. GUANGZHOU DEXING LTD AND OTHERS
- Citation
- UNITED OVERSEAS BANK (CHINA) LTD v. GUANGZHOU DEXING LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCL10/2009
The Mareva injunction was not discharged because the omissions in the ex parte affidavit were not sufficiently material to vitiate the grant and because there was a strong arguable case of fraud which justified an inference of real risk of dissipation; the court accordingly exercised its discretion to maintain freezing relief but varied the restrained sum to US$1.5 million.