4 Aug 2003
SMELOAN HONG KONG LTD PREVIOUSLY KNOWN AS GREENWOOD CAPITAL LTD v. WONG WING CHEUNG t/a HUNG WAN TRADING CO
- Citation
- SMELOAN HONG KONG LTD PREVIOUSLY KNOWN AS GREENWOOD CAPITAL LTD v. WONG WING CHEUNG t/a HUNG WAN TRADING CO
- Court
- Court of First Instance
- Case number
- HCA882/2003
The appeal was allowed in part because the defendant failed to provide full and frank disclosure of his financial means, including unexplained proceeds of a post-commencement property sale; he did not demonstrate it was impossible to meet the payment-into-court condition; accordingly the stay of the Master’s order was permitted only on the condition that the defendant pay $500,000 into court within 28 days, and costs were awarded to the plaintiff.