5 Nov 2019
ELLIOTT INTERNATIONAL, L P AND OTHERS v. THE BANK OF EAST ASIA, LTD AND OTHERS
- Citation
- [2019] HKCFI 2744
- Court
- Court of First Instance
- Case number
- HCMP1812/2016
Harris J held that expert evidence was necessary because the court requires specialist evidence to understand how a listed bank would address capital enhancement, the rationale and terms of the subscriptions and bilateral undertakings, and their likely impact on BEA's share price and takeover prospects; accordingly leave was granted to the parties to adduce expert evidence limited to specified questions and subject to strict procedural conditions.