12 Oct 1998
ARMCO INC. AND OTHERS v. NPV LTD. AND ANOTHER
- Citation
- ARMCO INC. AND OTHERS v. NPV LTD. AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA13168/1998
The Hong Kong ex parte Mareva injunction was discharged because material non-disclosure occurred (failure to disclose earlier signed Atkins statement and the Donohue Answers); however, on the inter partes merits ARMCO demonstrated a good arguable case and a real risk of dissipation, so a fresh inter partes Mareva injunction in agreed terms was granted, the request for fortification/security was refused, and costs for the discharge and continuation summonses were awarded to the Second Defendant to be taxed forthwith.
- Mareva injunction
- Duty of full and frank disclosure
- Inspection of bankers' books
- Risk of dissipation
- Fortification of undertakings
- Costs for non-disclosure