Read the full judgment text of HCA 1195/2016 on BabelCite. This High Court CFI judgment was delivered on 12 April 2017.
1. The plaintiff started this action as a derivative action for the benefit of Siberian Mining Group Company Ltd (“SMG”), a company incorporated in the Cayman Islands and listed in Hong Kong. Since SMG is incorporated in the Cayman Islands, leave has to be obtained from the court of Cayman Islands before a derivative action can be instituted for it.
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