23 Jul 2015
張才奎所託管中國山水投資有限公司股份AND ANOTHER v. 張才奎AND ANOTHER
- Citation
- 張才奎所託管中國山水投資有限公司股份AND ANOTHER v. 張才奎AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1661/2014
The court refused to give the Receivers directions that would have the effect of reconstituting the board of the listed company or to permit split voting: at an interlocutory stage there were no special circumstances justifying such intrusive intervention, the factual bases were contested and the proposed votes risked drastic commercial consequences; receivers must hold the ring and act impartially within the terms of their appointment.