9 Feb 2009
AKAI HOLDINGS LTD AND OTHERS v. HO WING ON, CHRISTOPHER AND OTHERS
- Citation
- AKAI HOLDINGS LTD AND OTHERS v. HO WING ON, CHRISTOPHER AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCL40/2005
Court held plaintiffs have a good arguable case and established a real risk of dissipation primarily on evidence of recent asset disposals (notably the Lafe in specie distribution) and other transactions; granted a worldwide Mareva injunction against the 1st defendant, Mr Christopher Ho, limited to US$200,000,000 and ancillary disclosure; refused direct Mareva relief against the 2nd defendant, Grande Holdings Ltd, but restrained Mr Ho from using his beneficial interest to procure extraordinary dispositions of Grande assets outside the ordinary course without board approval and required 14 day…