8 Nov 2013
WANG RUIYUN v. GEM GLOBAL YIELD FUND LTD
- Citation
- WANG RUIYUN v. GEM GLOBAL YIELD FUND LTD
- Court
- Court of Final Appeal
- Case number
- FAMV42/2011
Given inconsistent sworn evidence about the appellant's existence and authority to prosecute the appeal, the involvement of third‑party funding, and a real risk that enforcement would be frustrated if the appeal failed, the Appeal Committee lawfully exercised its discretion under section 25 to vary the conditions of leave by ordering payment of HK$30,000,000 into Court as security, with failure to comply resulting in rescission of leave; the measure was proportionate and not shown to stifle the appeal.