20 Mar 2000
BEIJING URBAN DEVELOPMENT GROUP CO. LTD. v. CHARTSHING PROPERTIES LTD.
- Citation
- BEIJING URBAN DEVELOPMENT GROUP CO. LTD. v. CHARTSHING PROPERTIES LTD.
- Court
- Court of First Instance
- Case number
- HCA16787/1999
The court found the non‑disclosure to be innocent, concluded the plaintiff had a good arguable case that the funds were the defendant's capital contribution held on trust for the joint venture and that there was a real risk of dissipation; accordingly the Mareva injunction was continued on similar terms subject to the plaintiff providing security for its undertaking of damages of HK$300,000 within 21 days and with costs reserved.