3 Jul 2009
ACHIEVE GOAL HOLDINGS LTD v. ZHONG XIN ORE-MATERIAL HOLDING CO LTD
- Citation
- ACHIEVE GOAL HOLDINGS LTD v. ZHONG XIN ORE-MATERIAL HOLDING CO LTD
- Court
- Court of First Instance
- Case number
- HCA1987/2005
The application failed because the interim receivers' ratification was a legitimate exercise to defend Zhong Xin's interests in mainland litigation, was expressly without prejudice to the parties' rights in this action, the purported settlement facts relied on by the applicants were incorrect or post‑dated the ratification, no enforceable right had vested in the Angola defendants before ratification, and the applicants pursued the wrong procedural route to challenge the receivers.