10 Sept 2010
PEOPLE'S REPUBLIC OF CHINA V TOP INTERNATIONAL LIMITED HC AK CIV 2000-404-2918
- Citation
- openlaw-3c438d28_2302_482e_be9b_3d1870cc65f5.pdf
- Court
- High Court
Although the interveners were not registered shareholders for the purposes of s165 and therefore could not seek relief under that section, their application for a stay was brought in their own right and did not conflict with s165; the Court's inherent jurisdiction permits a stay where necessary to ensure fair administration of justice, and having regard to the frozen asset, the imminent judgment in the related shareholder proceedings, and a reasonable prospect that interveners may assume control, a stay was justified until 14 days after delivery of judgment in Yang v Chen.