Read the full judgment text of HCA 2236/2019 on BabelCite. This High Court CFI judgment was delivered on 17 July 2020 before Coleman J.
Mareva injunction – good arguable case – quantum – risk of dissipation – material non-disclosure – balance of convenience – Companies Ordinance – Plaintiffs sought freezing order against Defendant's assets in Hong Kong (shares in OHL and OFA) in relation to alleged mismanagement of Casino Project in Philippines causing US$620 million overspending. Court held material non-disclosure of bailment agreement not determinative. Court found good arguable case on liability but not on quantum/ceiling figure. Court found risk of dissipation but dismissed application due to lack of good arguable case on quantum. Costs order made against Plaintiffs.
Legal issues: Material non-disclosure · Good arguable case on liability · Good arguable case on quantum · Risk of dissipation · Balance of convenience
Outcome: Summons dismissed.
Cited by 15 cases · Cites 5 cases