25 Aug 2021
SILVER STARLIGHT LTD v. CHINA CITIC BANK CORPORATION LTD, TIANJIN BRANCH
- Citation
- [2021] HKCA 1248
- Court
- Court of Appeal
- Case number
- CACV301/2021
The Court held the plaintiff failed to show the petition would be bound to fail on jurisdictional grounds: the 35.59% shareholding in a Hong Kong company and related facts provided a sufficient connection and a reasonable possibility of benefit; the plaintiff failed to prove a bona fide dispute on substantial grounds as the alleged Overall Agreement was implausible and contradicted contemporaneous documents and loan instruments; the application to adduce new evidence was refused for inexcusable delay and lack of credibility; consequently the injunction was refused and the appeal dismissed.