Judgment
In the Matter of Jian Ying (acting by its provisional liquidators) v Ourgame - Judgment
[2021] CIGC (FSD) 218
· FSD 0218/2021 (NSJ) · 2021-08-11
Application by joint provisional liquidators of a fund for injunctive relief – the fund is a shareholder in a Cayman company – the provisional liquidators claimed that a substantial number of the funds’ shares had been sold at an undervalue and for an improper purpose to parties connected with the company’s management – the company’s management convened a shareholders' meeting to authorise its directors to issue further shares allegedly for the purpose of diluting the fund’s shareholding – the shareholders' meeting was to be held imminently. Company Law; Insolvency; Interim Injunctions; Shareholder Rights
Full metadata
| Neutral Citation | [2021] CIGC (FSD) 218 |
|---|---|
| Cause Number | FSD 0218/2021 (NSJ) |
| Court | CIGC (FSD) |
| Judge | Segal J |
| Parties | In the Matter of Jian Ying (acting by its provisional liquidators) v Ourgame - Judgment |
| Judgment Date | 2021-08-11 |
| Subject | Application by joint provisional liquidators of a fund for injunctive relief – the fund is a shareholder in a Cayman company – the provisional liquidators claimed that a substantial number of the funds’ shares had been sold at an undervalue and for an improper purpose to parties connected with the company’s management – the company’s management convened a shareholders' meeting to authorise its directors to issue further shares allegedly for the purpose of diluting the fund’s shareholding – the shareholders' meeting was to be held imminently. Company Law; Insolvency; Interim Injunctions; Shareholder Rights |
| Filename (current) | 21-08-11-Jian-Ying-Ourgame-High-Growth-Investment-Fund-v-Ourgame-International-Holdings-Ltd.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Companies Act | 104(2), 146, 92(c), 92(e), 99 | 9 |
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