21 Apr 2017
CHINA PROPERTY DEVELOPMENT (HOLDINGS) LTD v. MANDECLY LTD AND OTHERS
- Citation
- CHINA PROPERTY DEVELOPMENT (HOLDINGS) LTD v. MANDECLY LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCT53/2010
The court would have acceded to the application for security for costs against CPDH despite the delay because CPDH was an overseas company with insufficient evidence of permanent Hong Kong assets or central management to negate enforcement risk; delay did not produce sufficient prejudice to refuse security; costs of the main proceedings were ordered to follow the event in favour of CPDH, but CPDH was ordered to pay Tsoi's costs of the security application; costs to be taxed if not agreed.