5 Jun 2023
CHENG KA YAN AND OTHERS v. GRAND XI INVESTMENTS PTE LTD AND OTHERS
- Citation
- [2023] HKCFI 1509
- Court
- Court of First Instance
- Case number
- HCA1607/2022
The court refused leave to appeal because the Plaintiffs failed to show a real or reasonable prospect of success: there was no credible evidence supporting the alleged oral collateral agreement, no serious issue to be tried on that ground, the submissions that Grand XI would be adequately compensated by damages were unpersuasive given the receivership context, and the balance of convenience did not favour the Plaintiffs. The proposed variation to the injunction was refused as it would unduly constrain the receivers and risk creating an impractical diarchy. Consequently the summonses were dism…