15 Oct 2004
CAREWINS DEVELOPMENT (CHINA) LTD v. BRIGHT FORTUNE SHIPPING LTD
- Citation
- CAREWINS DEVELOPMENT (CHINA) LTD v. BRIGHT FORTUNE SHIPPING LTD
- Court
- Court of First Instance
- Case number
- HCCL49/2004
The court accepted the defendants' evidence and the plaintiffs' failure to produce evidence of assets or funds to rebut the defendants' case established a prima facie reason to believe the plaintiffs would be unable to pay the defendants' costs; accordingly security for costs was required and, after assessing the size and likely costs of the consolidated actions, the court fixed security at HK$485,000 and ordered payment into court or provision of a first class bank guarantee within 21 days, failing which the actions would be stayed.