5 Aug 2008
WAN WAI HEI WESLEY AND ANOTHER v. GOLDEN LAKE DEVELOPMENT LTD AND OTHERS
- Citation
- WAN WAI HEI WESLEY AND ANOTHER v. GOLDEN LAKE DEVELOPMENT LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA22/2007
The court concluded the application failed at the first stage because the primary issue — beneficial ownership of Horizon Drive — is triable and the court could not be satisfied that Fortune Wealth would obtain judgment for substantial damages; accordingly the discretion to order interim payment did not arise and the Master's order was set aside; additionally the existence of a significant $25,000,000 advance undermined the exercise of discretion even if jurisdiction existed.