23 Jan 2020
MAGNUS LEONARD ROTH v. VITALY ORLOV AND ANOTHER
- Citation
- [2020] HKCFI 273
- Court
- Court of First Instance
- Case number
- HCMP2753/2017
The Court exercised its costs discretion by focusing on the substantive outcome: the petition achieved its primary purpose (a buyout order in favour of Orlov) whereas the cross-petition, though yielding some findings, produced no different practical relief and added delay and cost. Therefore Roth was ordered to pay Orlov's costs. The Court further found it had jurisdiction to order an interim payment and, balancing valuation uncertainty, risk of overpayment, affordability and the practical need to neutralize shareholder obstruction, ordered an interim payment of HK$35,000,000 by Roth from his…