30 Apr 2010
SAN WANT MEDIA HOLDINGS LTD v. CHA MOU SING, PAYSON AND OTHERS
- Citation
- SAN WANT MEDIA HOLDINGS LTD v. CHA MOU SING, PAYSON AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA317/2010
The court held there is a good arguable case that clause 11.6 of the ATV Shareholders Agreement applies to agreements to issue shares including convertible bonds and is not plainly void as an unlawful fetter on statutory powers; damages would be inadequate; the balance of convenience favored continuation of interlocutory injunctions preventing issue, delivery, registration, disposal and conversion of the specified convertible bonds and preventing further issuance below HK$2.47 without unanimous shareholder consent, but the earlier Mareva‑type restraint preventing the Chas from disposing of th…