21 Apr 2021
PINPOINT MULTI-STRATEGY MASTER FUND (formerly known as PINPOINT MULTI-STRATEGY FUND) v. GANGTAI GROUP CO., LTD
- Citation
- [2021] HKCFI 1011
- Court
- Court of First Instance
- Case number
- HCMP146/2020
The injunction was discharged for material non-disclosure because the ex parte applicant failed to inform the judge of material considerations (the need to confine any Chabra freezing order to identifiable assets in respect of XCJ, failure to address New York court practice on Mareva-type relief, and omission of material information about the plaintiff's assets relevant to fortification). However, the plaintiff's substantive case remained strong (dissipation risk) so the court refused payment out of the USD33,762,475 paid into court, continued the plaintiff's undertaking as to damages and ord…