29 Oct 2013
TOECA NATIONAL RESOURCES B.V. v. BARON CAPITAL LTD AND ANOTHER
- Citation
- TOECA NATIONAL RESOURCES B.V. v. BARON CAPITAL LTD AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV55/2013
Application for stay was refused because defendants failed to show a strong likelihood of success on appeal (issue on service was only reasonably arguable), offered insufficient security (c. HK$2,000,000) relative to the judgment, and failed to establish that absence of a stay would produce such deleterious effect as to outweigh the plaintiff’s right to enforcement; accordingly the balance of convenience did not favor a stay and costs were awarded to the plaintiff.