10 Nov 2000
ELEGANT JUMP LTD. v. TRIBUNE BRIDGE LTD. AND ANOTHER
- Citation
- ELEGANT JUMP LTD. v. TRIBUNE BRIDGE LTD. AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA14037/1999
The court held that the counterclaim against Mr Cheng is a distinct cross-action against an additional party and is not merely a defence to Elegant Jump's claim; the corporate veil was not lifted; the undertakings and assets restrained under the Consent Order could not be treated as securing Cheng's costs without prejudging the substantive issues; accordingly the court exercised its discretion to order security for Mr Cheng's costs and fixed the sum at HK$900,000 (40% share), with the counterclaim stayed if security is not provided within 21 days, and ordered costs of the application against…