17 May 2011
SHANGHAI COMMERCIAL BANK LTD v. CHANG YUAN TA GRANT AND ANOTHER
- Citation
- SHANGHAI COMMERCIAL BANK LTD v. CHANG YUAN TA GRANT AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA805/2009
Security for costs was ordered because the plaintiffs (Clark/CH/KD Chang) were ordinarily resident outside Hong Kong, KD Chang was a nominal plaintiff as to BEA, the counterclaims (notably CH Chang's counterclaim in HCA805 and claims in HCA1996) were in substance independent cross-actions rather than mere defences, the Changs failed to provide satisfactory evidence that they could not provide security or that an order would stifle their claims, and enforcement issues concerning alleged US pension funds did not rebut the justness of ordering security; quantum was set having regard to complexit…