14 Jun 2017
Relevant employees whose shares in China Shanshui Investment Company Limited held by ZHANG CAIKUI on trust (Please refer to Schedule 1 attached to the Writ of Summons for names of the relevant employees) AND ANOTHER v. ZHANG CAIKUI AND ANOTHER
- Citation
- Relevant employees whose shares in China Shanshui Investment Company Limited held by ZHANG CAIKUI on trust (Please refer to Schedule 1 attached to the Writ of Summons for names of the relevant employees) AND ANOTHER v. ZHANG CAIKUI AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA623/2015
The application was dismissed because the applicants failed to demonstrate a defect in the receivers' conduct or real and substantial grounds for court intervention; the receivers had given an undertaking not to vote to dilute CSI, the grant of a general mandate does not itself cause dilution, and the heavy onus under authority (Duffy) to challenge a receiver's commercial decisions was not met.