Village Roadshow's bid to block Golden Harvest's planned $56 million share placement remains in the hands of the courts, with a decision expected next week about an injunction sought by the Australian entertainment group.
But the tug-of-war between the two companies could be set to intensify, depending on the outcome of Mr Justice James Findlay's decision, which is expected early in the week.
Yesterday, counsel for Village Roadshow presented the company's case for a continued injunction to the Court of First Instance in chambers.
Speaking for the plaintiff outside the courtroom, Barrie Barlow explained: 'We have been making our case.' Originally, the arguments for an injunction had been set aside for two days by the judge, but Mr Barlow said yesterday this could continue until Tuesday.
The case was first heard by Madam Justice Clare-Marie Beeson on June 26. She adjourned the case, upholding the injunction.
All proceedings so far have been held in chambers.