25 May 2018
LIN ZUOJUN v. HONG KONG XRX BAMBOO INVESTMENT CO., LTD
- Citation
- [2018] HKCFI 1087
- Court
- Court of First Instance
- Case number
- HCA2122/2017
Security for costs was ordered because the plaintiff’s Hong Kong securities account was an insufficient and unreliable source of recovery: the account is a margin facility with the entire portfolio pledged as collateral, the shareholdings and values fluctuate and have been actively traded, the plaintiff failed to produce margin terms or evidence preventing dissipation, and there was no satisfactory undertaking; accordingly it was just to order security of HK$85,000 in each action with costs of the application assessed at HK$33,000.