30 Jan 2014
DRAGONRIDER OPPORTUNITY FUND LP v. LAM FUNG AND ANOTHER
- Citation
- DRAGONRIDER OPPORTUNITY FUND LP v. LAM FUNG AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV202/2013
The Court held that Dragonrider's put option notice was valid and severable: it properly related to separate identifiable blocks of shares (as set out in the footnote) and the investment agreement permitted exercise in respect of portions and by nominees; prior put notices by SIG and Stark Moly affected only the shares they covered and did not invalidate Dragonrider's notice for the remaining shares; evidence established sufficient authority for Dragonrider to act for the other investors; Mr Lam's failure to repurchase constituted an event of default under the share charge; the deputy judge's…