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High Court refuses to grant two separate injunctions sought by a group involved in a joint venture, which alleged that their partners breached agreements regarding the ownership transfer of a hotel, on the grounds that damages would be an adequate remedy if the plaintiffs prevail in the proceedings, and no significant factors were identified that would give rise to a risk of injustice warranting the injunctions. that the plaintiffs had not demonstrated a special interest in the property that would render damages inadequate.
Joint venture - hotel ownership - injunction refusal - breach of agreement - board of directors - receivership - sale of property - balance of convenience - adequacy of damages - serious issue to be tried - corporate personality - proprietary interest - commercial dispute - equity of redemption - misappropriation of funds - government contract - direct provision - clean hands doctrine - risk of injustice.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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