25 Sept 2019
SKY MOTION HOLDINGS LTD v. CHINA CREATE CAPITAL LTD
- Citation
- [2019] HKCFI 2408
- Court
- Court of First Instance
- Case number
- HCA1151/2019
On the available materials the plaintiff established a strongly good arguable case and a serious issue to be tried; evidence supported a real risk of dissipation (apparent dissipation of the very subject matter, discrepancies in asset holdings, police allegations and margin loan exposure); balance of convenience favoured preservation of the assets; the court admitted late affidavit in reply on weight grounds; varied the ceiling to HK$500,000,000; refused further fortification and held the HK$10,000,000 paid in court adequate; and ordered costs against the defendant.