10 Sept 1997
CHARTER VIEW HOLDINGS (B.V.I.) LTD. v. TUNGTEX (HOLDINGS) CO. LTD. and Others
- Citation
- CHARTER VIEW HOLDINGS (B.V.I.) LTD. v. TUNGTEX (HOLDINGS) CO. LTD. and Others
- Court
- Court of First Instance
- Case number
- HCA7611/1996
On the facts before the Court the company was not ordinarily resident in Hong Kong; consequently the Court had power to order security under Ord.23 r.1(1)(a); section 357 did not apply to the overseas company incorporated in the BVI; the Court ordered further security of HKD 1,100,000 in the first action (to be paid within 28 days and staying the action until paid) and treated the HKD 250,000 already paid into court as security in the second action; the company's appeal against Master Chu's order was dismissed.