24 Dec 2008
YANG WEI JENNIFER v. HSBC PRIVATE TRUSTEE (HONG KONG) LTD AND OTHERS
- Citation
- YANG WEI JENNIFER v. HSBC PRIVATE TRUSTEE (HONG KONG) LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCAP11/2002
Because the plaintiffs are ordinarily resident outside Hong Kong, because enforcement in the USA would require separate proceedings and therefore involve delay and extra costs, and because the plaintiffs did not demonstrate a high probability of success sufficient to negate the protection afforded by security, it was just to order security for costs on a party-and-party basis: HK$3,000,000 for HCA5073/2001 and HK$1,200,000 for HCAP11/2002; failure to provide security results in stay of proceedings and eventual dismissal with costs.