13 Nov 2015
LI GUOZHU v. NEW CENTURY IATRICAL INV. MANAGEMENT LTD AND OTHERS
- Citation
- LI GUOZHU v. NEW CENTURY IATRICAL INV. MANAGEMENT LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP3353/2014
Summons to stay proceedings was dismissed because, although the Mainland is the forum with stronger connecting factors, the Mainland courts lack jurisdictional power to grant the prospective remedies (compulsory severance via buy-out or winding up) that are central to the petition; Hong Kong courts therefore remain the appropriate forum to ensure substantial justice in respect of future regulation and severance of the investor relationship.