10 Mar 2016
CHINA METAL RECYCLING (HOLDINGS) LTD AND ANOTHER v. CHUN CHI WAI AND OTHERS
- Citation
- CHINA METAL RECYCLING (HOLDINGS) LTD AND ANOTHER v. CHUN CHI WAI AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1412/2013
The court found an arguable case for discharge based on alleged material non‑disclosure but concluded that on balance of convenience the risk of further dissipation and prima facie breaches of the Mareva injunctions outweighed the defendants' speculative prejudice; accordingly the inherent jurisdiction to suspend was refused and the ex‑parte Receivership Order was continued pending full determination, with extended disclosure deadlines and costs ordered against defendants.