14 Aug 2007
IFS CAPITAL LTD v. CHI TAT ENTERPRISE CO (a firm) AND OTHERS
- Citation
- IFS CAPITAL LTD v. CHI TAT ENTERPRISE CO (a firm) AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1080/2007
The amended statement of claim discloses a reasonable cause of action because it pleads outright assignments of the debt (the purchase price evidenced by the outstanding invoices) entitling the plaintiff to sue as absolute owner; the pleading deficiencies identified relate to particulars or discovery and do not justify striking out; the factoring arrangement as pleaded did not create a charge requiring registration that defeats the claim; accordingly the strike out application is dismissed but, given practical difficulties of enforcing costs against a foreign plaintiff, security for costs in…