31 Aug 2015
GIANT CRYSTAL LTD v. ENERGY INTERNATIONAL INVESTMENTS HOLDINGS LTD
- Citation
- GIANT CRYSTAL LTD v. ENERGY INTERNATIONAL INVESTMENTS HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCMP1903/2015
The summons for an interim injunction was dismissed because the petitioner had limited prospects of success on the core challenge to the CB placing, the CB placing was shown to address genuine funding needs and had independent shareholder support, blocking it risked causing irreparable harm to the company that damages would not remedy, the petitioner was not shown to be able to give a reliable undertaking as to damages given concurrent Cayman proceedings challenging its share ownership, and the petitioner had delayed in seeking relief; balancing the convenience favoured refusal of injunctive…