6 Sept 2006
SHEN & ORS V AN YING GROUP LTD AND ORS HC AK CIV 2006-404-2558
- Citation
- openlaw-ef1ebb48_4c2a_43e9_8d47_2c454da0346d.pdf
- Court
- High Court
The Court discharged the Mareva injunctions as to An Ying Group Ltd, An Ying International Financial Ltd (due to liquidation), An Ying (East Auckland) Ltd and Bizlink because restraint was unnecessary or unjustified for those entities, but varied and continued the Mareva restraint limited to Wellington's ASB account (account 12-3057-0853753-01) capped at NZD 400,000 and continued restraint over any interest Wellington may have in proceeds of the Li litigation to preserve tracing remedies; decision based on finding a good arguable case and real risk of inter-company dissipation with respect to…