18 Dec 2015
HENGSHI INTERNATIONAL INVESTMENTS LTD v. BAYSPRING INTERNATIONAL LTD AND ANOTHER
- Citation
- HENGSHI INTERNATIONAL INVESTMENTS LTD v. BAYSPRING INTERNATIONAL LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP1916/2015
The court held there are serious issues to be tried on the nature of the pledge and alleged unlawful sales/sub-pledging, no material non-disclosure at the ex parte stage, the balance of convenience favors continuation of the injunction pending arbitration, bankers' records under s.21 EO should be disclosed to trace shares/proceeds, and the defendant failed to establish need for fortification of the plaintiff's undertaking.