3 Jun 2020
EMPEROR SECURITIES LTD v. SMI INVESTMENT (HK) LTD AND OTHERS
- Citation
- [2020] HKCFI 881
- Court
- Court of First Instance
- Case number
- HCA32/2019
The court found that, although the board's conduct amounted to obstruction, the evidence did not establish the required "very special circumstances" nor that it was "absolutely essential" to reconstitute the board at interlocutory stage; however, there was no prejudice in granting leave for the receivers to enter negotiations to sell all or part of the Subject Shares and to file supporting affirmations.