13 Jan 2000
MAGNITOGORSK INTEGRATED IRON AND STEEL WORKS AND ANOTHER v. VAREX & CO. GMBH AND OTHERS
- Citation
- MAGNITOGORSK INTEGRATED IRON AND STEEL WORKS AND ANOTHER v. VAREX & CO. GMBH AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA17492/1999
Because there are serious questions to be tried about the ownership of the 51% shareholding, the validity of the AGMs and appointments, and because plaintiffs would suffer irreparable harm if a challenged new board were permitted to act, and because the court order requiring 21 clear days' notice had not been complied with (Article 132 did not apply to a court-ordered service), an interim injunction to preserve the status quo prior to the AGMs must be granted pending final determination.