14 Oct 2014
PACIFIC ELECTRIC WIRE & CABLE CO LTD v. TEXAN MANAGEMENT LTD AND OTHERS
- Citation
- PACIFIC ELECTRIC WIRE & CABLE CO LTD v. TEXAN MANAGEMENT LTD AND OTHERS
- Court
- Court of Final Appeal
- Case number
- FAMV7/2014
Leave to appeal as of right was refused because the value of the shares was not clearly quantifiable at HK$1,000,000 or more and the required immediacy of financial effect was absent; concurrently, the Court upheld factual findings that the Takeover Arrangement was fabricated and that the shares and underlying assets were held for PEWC, so discretionary leave was refused and the applications dismissed.