22 Mar 2016
SPECIALTY METALS RESOURCES SA v. HUNAN CHUANGDA VANADIUM TUNGSTEN CO LTD AND ANOTHER
- Citation
- SPECIALTY METALS RESOURCES SA v. HUNAN CHUANGDA VANADIUM TUNGSTEN CO LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA369/2016
Because the plaintiff complied with Order 13 r.7 and the evidence showed the 2nd defendant received the plaintiff's prepayment, is in financial difficulty and there were grounds to believe assets would be dissipated, the court entered judgment in default for USD392,819.92 against the 2nd defendant and granted a post-judgment injunction under Order 29 r.1 restraining removal or disposal of assets within Hong Kong up to that amount; the court exercised its discretion to discharge the plaintiff from providing a bank guarantee.