Read the full judgment text of HCCT 58/2006 on BabelCite. This 高等法院原訟法庭 judgment was delivered on 3 November 2006 before Deputy High Court Judge Saunders.
Procedure – Mareva injunction – ancillary orders for disclosure of bank and shareholding records – plaintiff sought inspection and copying of defendants’ banking and share transaction documents to preserve assets and enforce injunction – defendants shown to have avoided compliance and engaged in suspicious conduct including selling shares and listing false addresses – banks and Stock Exchange raised no objection – court held orders necessary and proportionate to identify and secure assets worth up to $16.5 million while allowing defendants to deal with excess assets – costs ordered against defendants. The court emphasized the importance of ancillary disclosure for effective Mareva injunction enforcement and protecting parties’ interests in asset preservation.
Legal issues: Whether ancillary disclosure orders should be granted in aid of Mareva injunction
Outcome: Ancillary disclosure orders granted; defendants ordered to pay costs
Cites 1 case