3 May 2018
CHINA SHANSHUI CEMENT GROUP LTD AND OTHERS v. ZHANG CAIKUI AND OTHERS
- Citation
- [2018] HKCFI 973
- Court
- Court of First Instance
- Case number
- HCA2880/2015
The court refused the interim 'interim interim' relief because plaintiffs failed to establish a real prospect of success that D1 had breached the Mareva Order or posed a serious risk of doing so: the Debtwire report was unreliable hearsay; counsel's remarks did not establish purchases that would breach the injunction; documentary evidence and prior findings supported D1's assertion that only c.13.19% of the registered 36.11% were beneficially owned by him and trust-held shares are outside the Mareva scope; the sale of c.3.8% did not, on the evidence, diminish D1's unencumbered assets below th…