Read the full judgment text of HCMP 577/2016 on BabelCite. This High Court CFI judgment was delivered on 10 June 2016.
1. On 11 March 2016, the plaintiff (“Classroom”) obtained an ex parte injunction (“Order”) against the 1 st defendant (“HKW”) and the 2 nd defendant (“BJW”), whereby they were restrained from disposing of, dealing with or diminishing the value of a deposit of a total of RMB 351.4 million (“Deposit”) held in the HKW’s accounts with the Xiamen Bank (“Bank”). The Deposit was pledged to secure a loan made by the Bank to BJW for the sum of about RMB 800 million under a loan agreement dated 13 March 2
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