22 Jan 2003
WINLOK INVESTMENT LTD v. NICELINE CO LTD AND OTHERS
- Citation
- WINLOK INVESTMENT LTD v. NICELINE CO LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW423/2002
Application refused because an adequate alternative remedy exists in a buy-out order under s168A that can be quantified and the respondents have the financial capacity to pay; appointment would be impractical and prejudicial given the Company's insolvency on a balance sheet basis, absence of funding, sensitive need for mainland negotiation with risk of repossession, potential reputational harm, and absence of an appropriate cross undertaking in damages or fortification by the applicant.