7 Mar 2012
MACAU FIRST UNIVERSAL INTERNATIONAL LTD v. DING XIAOHONG AND OTHERS
- Citation
- MACAU FIRST UNIVERSAL INTERNATIONAL LTD v. DING XIAOHONG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA992/2010
The court refused to discharge or replace the receivers because allegations of fabrication, bias and most misconduct were not made out and the receivers were largely acting to preserve company assets in the face of active obstruction; the court refused a stay of execution pending appeal because grounds were not strong and undertakings were insufficient; the court ordered fortification of Ding Yu's undertaking in damages of HK$10,000,000 in two tranches; the court granted many of the receivers' directions (subject to deletion of directions to remove the PRC legal representative pending appeal)…