22 Feb 2018
UNIVERSAL EXPORTS GROUP LTD v. ZECHIN TECHNOLOGY CO., LTD
- Citation
- [2018] HKCFI 283
- Court
- Court of First Instance
- Case number
- HCA2613/2016
On the whole of the evidence the court concluded there was a real risk of dissipation: defendant's statements at the September meeting were objectively threatening, the only known Hong Kong asset was funds in an HSBC account which could be easily dissipated, and the defendant failed to produce solid evidence of Sinosure revocation or a legitimate set-off. Accordingly the continuation of the 2nd Mareva injunction until trial or further order was necessary to prevent a judgment being rendered unsatisfied.