2 Oct 2007
LUCKY SUN DEVELOPMENT LTD AND ANOTHER v. GAINSMATE INTERNATIONAL LTD AND OTHERS
- Citation
- LUCKY SUN DEVELOPMENT LTD AND ANOTHER v. GAINSMATE INTERNATIONAL LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCT12/2007
The court discharged the ex parte injunction because the plaintiffs materially failed to disclose a live, central issue (potential Mainland tax liability and their relationship with Hebei Sunco) and failed to justify ex parte mandatory and anti-suit relief; however, on balance the court re-granted a limited order requiring the 1st and 2nd defendants to secure release of the Huigu shares as security because there is a serious question to be tried, potential inadequacy of damages, and the defendants retained sufficient other security so that the limited regrant was proportionate and just pendin…