14 Aug 2020
SILVER UNIVERSE INVESTMENTS LTD v. CHINA TIMES SECURITIES LTD AND OTHERS
- Citation
- [2020] HKCFI 2027
- Court
- Court of First Instance
- Case number
- HCA1824/2018
Plaintiff failed to demonstrate on the material before the court that it would obtain judgment for substantial damages or a substantial sum against either defendant at trial because (i) the occurrence of an event of default and defendants' contractual rights to the shares and proceeds are at least arguable, (ii) plaintiff has not shown readiness, willingness and ability to repay the loan so as to trigger any obligation on D2 to return identical shares, and (iii) there are viable defences including the 'equivalent number' contractual point and the potential exercise of discretion under MLO s.2…