14 Nov 2006
HEBEI ENTERPRISES LTD AND ANOTHER v. LIVASIRI & CO (a firm) AND ANOTHER
- Citation
- HEBEI ENTERPRISES LTD AND ANOTHER v. LIVASIRI & CO (a firm) AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA2967/2002
On the evidence (qualified audited reports, absence of up-to-date management accounts, and the relevant property being held by a subsidiary), the court was satisfied on balance that there was reason to believe the plaintiffs themselves would be unable to pay Mr Emerson's costs and exercised its discretion to order security; the appropriate quantum after deductions was fixed at HK$792,607 to be paid into court within 21 days, failing which proceedings against Mr Emerson are stayed.