10 Apr 1984
GARFUL CO LTD v. SHUI HING INVESTMENT CO LTD AND ANOTHER
- Citation
- GARFUL CO LTD v. SHUI HING INVESTMENT CO LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA10157/1983
Plaintiffs are companies with paid-up capital of $2 and failed to prove greater assets; exercising the court's wide discretion under s.357 and guided by Procon, the judge fixed security at a sum calculated to indemnify defendants on a party and party basis ($54,000 total) and stayed the actions until bank guarantees in that amount (divided between plaintiffs) were provided.