1 Sept 2014
ACHIEVE GOAL HOLDINGS LTD v. ZHONG XIN ORE MATERIAL HOLDING COMPANY LTD
- Citation
- ACHIEVE GOAL HOLDINGS LTD v. ZHONG XIN ORE MATERIAL HOLDING COMPANY LTD
- Court
- Court of First Instance
- Case number
- HCA1987/2005
The court concluded on the evidence that, despite imperfections, the interim receivers had acted in the best interests of Zhong Xin, legitimately resisted compliance with the PRC Settlement Order after prosecuting Mainland avenues and securing the 2012 settlement preserving Zhong Xin's 70% interest; there was insufficient proof of misconduct or apparent bias to forfeit the court's confidence, so the application to remove and replace the IRs was dismissed.