24 Apr 2008
THE BANK OF EAST ASIA, LTD v. LABOUR BUILDING LTD AND OTHERS
- Citation
- THE BANK OF EAST ASIA, LTD v. LABOUR BUILDING LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP769/2002
Appellants (LBL/CSL) failed to discharge the burden of showing a stay was necessary because they did not provide credible evidence that a successful appeal would be rendered nugatory: anonymity of backers and absence of evidence of ability or willingness to fund the judgment debt, failures to comply with prior court‑imposed safeguards, market volatility and risk of forced sale discount meant the court would not grant a stay; appointment of receivers was not ordered because not necessary on the evidence presented.