26 Apr 2007
HIP HING CONSTRUCTION CO LTD v. HOLYROOD LTD
- Citation
- HIP HING CONSTRUCTION CO LTD v. HOLYROOD LTD
- Court
- Court of First Instance
- Case number
- HCCT6/2007
The court held that transfers of the defendant's properties to related companies constituted dissipation because they rendered the defendant's only significant assets unavailable to satisfy a potential arbitration award; the plaintiff satisfied the burden of demonstrating a real risk of dissipation and an undertaking was inadequate protection against enforcement risk, therefore the Mareva injunction should be continued with specified conditions and amendments.