10 Jan 2020
EMPEROR SECURITIES LTD v. SMI INVESTMENT (HK) LTD AND OTHERS
- Citation
- [2020] HKCFI 129
- Court
- Court of First Instance
- Case number
- HCA32/2019
On the existing evidence the proposed massive issuance of shares without the Plaintiff's consent breaches the express terms of the Share Charge, prima facie places the charged shares and their controlling value in jeopardy, damages are inadequate, and less intrusive remedies are insufficient; therefore the court will exercise its discretion to appoint an interim receiver limited to preserving the Subject Shares' value.