5 Dec 2016
XY, LLC v. JESSE ZHU (a.k.a. JIA-BEI ZHU and JESSE JIA-BEI ZHU) AND ANOTHER
- Citation
- XY, LLC v. JESSE ZHU (a.k.a. JIA-BEI ZHU and JESSE JIA-BEI ZHU) AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV11/2016
The court held there was sufficient admissible evidence from which a good arguable case could be drawn that the funds in GNT's Hong Kong account were beneficially held for Jesse Zhu and that there was a real risk of dissipation; consequently the Chabra jurisdiction was engaged and the judge did not err in refusing to discharge the Mareva injunction; appeal dismissed.