24 Jul 2025
BORROWER v. LENDER
- Citation
- [2025] HKCFI 3197
- Court
- Court of First Instance
- Case number
- HCCT146/2024
The Court held it has jurisdiction under Order 23 RHC to order security in arbitration-related proceedings under the Arbitration Ordinance; applying the statutory discretionary factors the Court found the Applicant was ordinarily resident outside Hong Kong, produced no credible evidence of assets or means in Hong Kong, had obstructive conduct in the arbitration creating real risk of non-enforcement, and the setting aside challenge was not manifestly strong; accordingly security of HK$1.5 million was ordered and related procedural and costs directions made.