4 May 2017
PRAISE FORTUNE LTD v. ALEGANA ENTERPRISES LTD
- Citation
- PRAISE FORTUNE LTD v. ALEGANA ENTERPRISES LTD
- Court
- Court of First Instance
- Case number
- HCA858/2017
The court continued the ex parte interlocutory injunction because the plaintiff established a serious question to be tried (termination by consent and entitlement to return of pledged shares), demonstrated a real risk of disposal of the shares such that damages would be inadequate, and secured the defendant's interest by paying the redemption sum into court, tipping the balance of convenience in the plaintiff's favour.