Broad idea v convoy collateral
WebThe essence of Broad Idea’s first complaint is that the learned judge had no jurisdiction pursuant to section 24 of the Eastern Caribbean Supreme Court (Virgin Islands) Act [4] (the “Supreme Court Act“) to grant a freezing order against Broad Idea in circumstances where Convoy has not raised any cause of action against Broad Idea and has ... WebMar 10, 2024 · Convoy Collateral Ltd v Broad Idea International Ltd [2024] UKPC 24 10 Mar 2024 On 4 October 2024, the Privy Council handed down its much-anticipated judgment in the British Virgin Islands case, Convoy Collateral Ltd v Broad Idea International Ltd [2024] UKPC 24 ( Broad Idea ).
Broad idea v convoy collateral
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Web[3] The Applicant, Convoy Collateral Limited (‘CCL”), is a company incorporated in Hong Kong, a subsidiary of Convoy Global Holdings Ltd and part of the Convoy Global Group of companies. The Convoy Group provides financial planning, insurance, asset management, MPF and money-lending services in Hong Kong, Macau and China. WebBroad Idea International Ltd (Respondent) v Convoy Collateral Ltd (Appellant) (British Virgin Islands) Convoy Collateral Ltd (Appellant) v Cho Kwai Chee (also known as Cho Kwai Chee Roy) (Respondent) (British Virgin Islands) From the Court of Appeal of the Eastern Caribbean Supreme Court (British Virgin Islands) before Lord Reed Lord Hodge
WebApr 6, 2024 · In Convoy Collateral, the majority decided that these developments illustrate the flexibility of courts with equitable power to modify existing practice to changing circumstances. Three major changes since the 1970s were emphasised: the transformation in the ease and speed with which money and other assets could be WebJan 8, 2024 · For a time, such relief appeared to be available in the BVI following the decision of Bannister J in Black Swan Investment ISA v Harvest View Limited BVIHC (Com) 2009/ 399 (Black Swan), until the recent decision of the Court of Appeal in Broad Idea v Convoy Collateral BVIHCMAP 2024/002 (Convoy 2) held that Black Swan had been …
WebJun 2, 2024 · Broad Idea International Limited ('Broad Idea') is a company incorporated in the BVI. Its shareholders were a Mr Cho and a Mr Choi. Its main asset was its shareholding in another company. Convoy Collateral Limited ('Convoy') commenced proceedings in Hong Kong against Mr Cho. Web[2] The application was brought by Convoy Collateral Limited (“Convoy”) against Broad Idea International Limited (“Broad Idea”), a company incorporated in the BVI, for a freezing injunction in aid of foreign proceedings commenced in Hong Kong. Broad Idea at all material times owned 18.85% of the Shares in Town Health International ...
WebOct 15, 2024 · Broad Idea v Convoy Collateral [2024] UKPC 24 . Overview. 1. It has traditionally been assumed in Hong Kong that to qualify for interim relief under s.21L of the High Court Ordinance (“HCO ...
WebThe Privy Council has today handed down its judgment in Convoy Collateral Ltd v Broad Idea International Limited and Cho Kwai Chee, the so-called " Black Swan " Appeal and a related appeal, dismissing both appeals from the Eastern Caribbean Court of Appeal. gofree coachingWebfrom whom the injunction is sought (Broad Idea v Convoy Collateral [2024] UKPC 24 at [92]). This is most often established by reference to a cause of action against a respondent. However, by a bare majority, the Privy Council in Broad Idea held (obiter) that it is no longer a pre-requisite to the grant of a freezing order that go free fax.comWebOct 4, 2024 · On 9 February 2024, Convoy Collateral obtained an order ex-parte against a company that was subject to the territorial jurisdiction of the Court, and its shareholder (who was not). On a conventional application of Black Swan, the Court had jurisdiction against the former, but not against the latter. gofreecreditWebOct 4, 2024 · The eagerly awaited Privy Council full board decision in Convoy Collateral Limited v Broad Idea International Limited et al was handed down on 4 October 2024 by the Appellate Committee. This was an appeal brought by Harneys on behalf of its client CCL seeking clarification on the law of freezing injunctions. gofreecredit redditWebJul 10, 2024 · Convoy Collateral applied in the BVI courts for freezing injunctions in support of proceedings in Hong Kong, against the defendant in those proceedings, Dr Cho, a Hong Kong resident, and against a third-party BVI company, Broad Idea, controlled by Dr Cho. The injunction was granted by the judge but overturned by the … go free by jason kohneWebApr 12, 2024 · 12 April 2024. Published by Dan Wyatt, Partner and Joe Cresswell, Associate In Broad Idea International Ltd v Convoy Collateral Ltd / Convoy Collateral Ltd v Cho Kwai Chee [2024] UKPC 24, the Privy Council handed down a judgment which set new juridical boundaries for the law of freezing injunctions. gofree cmapWebOct 6, 2024 · Broad Idea is a company incorporated in the British Virgin Islands (BVI). Dr. Cho is a shareholder and director of Broad Idea. In February 2024, Convoy applied to the BVI court for freezing orders against Broad Idea and Dr. Cho in support of anticipated proceedings against Dr Cho in Hong Kong. go free filter