22 Jul 2016
PACIFIC HARBOR ADVISORS PTE LTD AND ANOTHER v. WINSON FEDERAL LTD AND OTHERS
- Citation
- PACIFIC HARBOR ADVISORS PTE LTD AND ANOTHER v. WINSON FEDERAL LTD AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV115/2016
The summons for stay was dismissed because the 3rd Defendant unduly delayed making the stay application after the expeditious hearing and judgment, the intended grounds of appeal lacked a real prospect of success on the legal issues identified, and the balance of prejudice favoured the Plaintiffs; statutory and procedural safeguards (including s33(1) Theft Ordinance and PSI restraints) meant refusal of stay would not render the appeal nugatory; accordingly stay refused and indemnity costs ordered against the 3rd Defendant.