10 Feb 2026
ZHAN XIANMING v. GRACEWOOD INTERNATIONAL LTD
- Citation
- [2026] HKCA 87
- Court
- Court of Appeal
- Case number
- CACV486/2024
The court held that special circumstances existed to justify security for costs because Zhan was impecunious, resided out of jurisdiction, and Gracewood would likely encounter difficulty or expense enforcing costs; Zhan failed to show sufficient countervailing factors in the merits or credible evidence of inability to pay; accordingly security of HK$750,000 was just and ordered, with stay and dismissal consequences for non-payment.
- Security for costs
- Annulment of bankruptcy order
- Domicile and business residence (s4)
- Impecuniosity and enforcement difficulty
- Use of video-conferencing in hearings
- Jurisdiction