Target Global Growth Fund II SCSP-RAIF and Antler Global Fund Master Fund SICAV-RAIF v Liu Xun - Judgment

Reasons for determination of an application for a worldwide asset freezing injunction prohibiting the Defendant from disposing of his assets up to the value of US$35 million coupled with a proprietary injunction targeting specific assets – consideration of the position of the parties and the evidence – the relevant law – court not conducting a mini-trial at the interlocutory stage – court keeping a mind open to persuasion – good arguable case/serious issues to be tried – real risk of dissipation – the offer of an undertaking – whether just and convenient to grant the relief requested by way of order. Civil Procedure; Interim Injunctions; Freezing Injunctions; Proprietary Injunctions; Fraud; Crypto‑Assets; Court Discretion