19 Sept 2003
HOLYROOD LTD v. BANK OF CHINA (HONG KONG) LTD AND OTHERS
- Citation
- HOLYROOD LTD v. BANK OF CHINA (HONG KONG) LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCL35/2003
Court found there was a serious issue to be tried; damages might be inadequate because quantification of loss was speculative and fraught with imponderables; balance of convenience and commercial practicality favoured preservation of the asset pending a swift trial. Consequently the court granted an undertaking or interim injunction restraining sale/alienation of the property until trial, listed a speedy trial to commence on 2 October 2003, required plaintiff to fortify an undertaking in damages, and refused to terminate the receivership in the short interim period.