2 Sept 2014
ROH CHUNG HYUN v. KOREA EXCHANGE BANK, HONG KONG BRANCH AND ANOTHER
- Citation
- ROH CHUNG HYUN v. KOREA EXCHANGE BANK, HONG KONG BRANCH AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA598/2014
The court found a serious issue to be tried on whether the banks breached an implied obligation to use best endeavours to secure a variation order, concluded damages would be an inadequate remedy for unlisted company shares, rejected the contention that specific performance is inevitably inappropriate, found no irreparable prejudice to the banks that continuation of the injunction could not compensate, and therefore continued the interim injunction pending final determination.