Matter
Great Wall Pan Asia International Investment Company Limited v Cervera Holdings Limited and Yeung Wing Yan
- 2 March 2016Hong Kong
2 March 2016Hong Kong
Ex parte injunction dated 2 March 2016
- Decision summary
- The court granted an ex parte injunction restraining Cervera Holdings Limited and Yeung Wing Yan from disposing of assets up to HK$170,560,000.
Supporting details
3 participantsGreat Wall Pan Asia International Investment Company Limited
Cervera Holdings Limited
Yeung Wing Yan
1 day later · 1 days
- 3 March 2016Hong Kong
3 March 2016Hong Kong
Amended injunction dated 3 March 2016
- Decision summary
- The court amended the ex parte injunction.
Supporting details
3 participantsGreat Wall Pan Asia International Investment Company Limited
Cervera Holdings Limited
Yeung Wing Yan
8 days later · 8 days
- 11 March 2016Hong Kong
11 March 2016Hong Kong
Order continuing the injunction dated 11 March 2016
- Decision summary
- The court continued the injunction pending full arguments on the inter partes summons.
Supporting details
3 participantsGreat Wall Pan Asia International Investment Company Limited
Cervera Holdings Limited
Yeung Wing Yan
2 months and 21 days later · 82 days
- 1 June 2016Hong Kong
1 June 2016Hong Kong
Decision of the High Court of the Hong Kong Special Administrative Region, Court of First Instance in the case HCCT 13/2016 dated 1 June 2016
High Court of the Hong Kong Special Administrative Region, Court of First Instance
- Decision summary
- The court held that Great Wall had a good arguable case that Cervera Holdings Limited and Yeung Wing Yan breached the share purchase agreement, put option deeds and guarantee, and that their dealings in shares created a real risk that an award or order would remain unsatisfied. It found deliberate material non-disclosure concerning Gong’s involvement in the Champ Transaction, discharged the ex parte injunction, and granted a fresh injunction on revised terms pending further order. The revisions removed references to Dragon and Candor and Turbo, limited the order concerning Billion Victor Enterprises Limited, allowed specified living, tax, maintenance and legal expenses, and allocated the relevant application and hearing costs equally between the parties, with Great Wall bearing its own ex parte costs.
Supporting details
16 authorities · 11 participantsGreat Wall Pan Asia International Investment Company Limited
- Representative
- Ing Loong Yang (For: Great Wall Pan Asia International Investment Company Limited)
- Representative
- Simon Powell (For: Great Wall Pan Asia International Investment Company Limited)
- Representative
- Latham & Watkins (For: Great Wall Pan Asia International Investment Company Limited)
Cervera Holdings Limited
- Representative
- Josephine Tjia (For: Cervera Holdings Limited · Yeung Wing Yan)
- Representative
- Lau & Chan (For: Cervera Holdings Limited · Yeung Wing Yan)
Yeung Wing Yan
- Representative
- Josephine Tjia (For: Cervera Holdings Limited · Yeung Wing Yan)
- Representative
- Lau & Chan (For: Cervera Holdings Limited · Yeung Wing Yan)
High Court of the Hong Kong Special Administrative Region, Court of First Instance
- Judge
- Mimmie Chan
Other
- Witness
- Meng Xuefeng
- Witness
- Gong