30 Sept 2025
AXHT COMPANY LTD v. 李克凡
- Citation
- [2025] HKCFI 4568
- Court
- Court of First Instance
- Case number
- HCMP1258/2024
The plaintiff failed to satisfy the standalone requirement of demonstrating a real risk of dissipation: unexplained delay of months after demand and commencement, account statements showed no substantial realizations or transfers despite opportunities, absence of cogent evidence of dishonesty or fraudulent conduct, and credible evidence supporting the defendants' assertion of a novation/loan swap reduced the inference of dissipation; accordingly the Mareva summonses were dismissed.