22 Sept 2020
Hebei Huaneng Industrial Development Co Ltd v Shi [2020] NZHC 2470
- Citation
- [2020] NZHC 2470
- Court
- High Court
The plaintiff demonstrated a sufficient real risk of dissipation to justify continuation of freezing orders because significant parts of the plaintiff's evidence about the defendant's conduct in China were unchallenged, the defendant failed to disclose NZ assets in PRC enforcement proceedings, the Auckland apartment (the defendant's principal quantifiable NZ asset) had been sold and would be converted to liquid funds, and there remained opacity and uncertainty around Boen NZ's finances and the defendant's relationship with related NZ entities; accordingly interim freezing and ancillary disclo…