11 Dec 2009
GUO JING JING v. ART MASTER INVESTMENT LTD AND OTHERS
- Citation
- GUO JING JING v. ART MASTER INVESTMENT LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1008/2009
On the interlocutory evidence the court found there were serious questions to be tried that the director-respondents breached fiduciary duties (BOC loan on-lent for personal use, HSBC guarantee, unexplained diversion of rental income, alleged nominee transfers and disputed removal of director), there was a real risk of dissipation and no effective protective regime, undertakings were belated and insufficient, and the appointment of independent interim receivers was just and convenient (subject to applicant undertaking as to damages). The interim payment was refused because the high statutory…