Facts: Yinghe Investment (Canada) Ltd. sought to secure a $1.6 million debt through a prejudgment garnishing order against CCM Investment Group Ltd.
Issue: CCM contested the garnishing order, arguing Yinghe did not meet statutory requirements, including proving a liquidated claim, full disclosure, and accounting for just discounts.
Court's Ruling: The court set aside the garnishing order, finding Yinghe failed in full and frank disclosure and did not meet the necessary criteria for such an order.
Costs/Damages: The court ordered the release of funds paid into court to CCM, emphasizing transparency and fairness were lacking in Yinghe's actions to secure the order. The document did not specify the exact amount of costs or damages awarded.
