11 Jan 2008
AA CHEN (ASIA PACIFIC) CONSULTANTS LTD. v. KHOO EE LIAM
- Citation
- AA CHEN (ASIA PACIFIC) CONSULTANTS LTD. v. KHOO EE LIAM
- Court
- Court of First Instance
- Case number
- HCA4354/2003
Defendant failed to prove on the evidence that the plaintiff is ordinarily resident outside Hong Kong or that, on the balance of probabilities, the plaintiff will be unable to pay any costs order under s.357; the plaintiff's sole significant asset (the convertible bond) is likely to yield repayment by end 2008 and, coupled with plaintiff's undertakings not to dispose of up to HK$4,900,000 and to notify if unpaid, negates the need for security; appeal dismissed.