12 Nov 2024
CUPIDAY (TIANJIN) MOBILE NETWORK TECHNOLOGY CO LTD v. PING AN BANK CO LTD
- Citation
- [2024] HKCFI 3229
- Court
- Court of First Instance
- Case number
- HCIP43/2023
Having applied a broad-brush assessment and found substantial duplication between solicitors' fees and counsel fees and clearly excessive items (notably an expert estimate), the court reduced Defendant's requested security and ordered sufficient security of HK$1,700,000 up to and including exchange of first round of factual witness statements; the court also found only a certificate for junior counsel warranted and assessed the costs of the application at HK$300,000, ordering the Plaintiff to provide security within 28 days with proceedings stayed pending provision and dismissal if not provid…