21 Dec 2017
DRAGON SUCCESS ENTERPRISE LTD v. AESO HOLDING LTD
- Citation
- DRAGON SUCCESS ENTERPRISE LTD v. AESO HOLDING LTD
- Court
- Court of First Instance
- Case number
- HCMP1647/2017
At interlocutory stage the court found plaintiffs had a good arguable case against Chan for breach of directors' fiduciary and common law duties, assets existed within jurisdiction and a real risk of dissipation could be inferred from non-compliance with disclosure orders; accordingly the Mareva injunction and ancillary disclosure were continued against Chan (with the monetary cap amended to HK$28,798,000) but the Mareva and preservation orders were discharged as against Cheung for lack of sufficient evidence of risk or involvement; preservation order against Chan was discharged due to lack o…