27 Sept 2013
SNE ENGINEERING CO. LTD v. CHIM KEE MACHINERY CO. LTD
- Citation
- SNE ENGINEERING CO. LTD v. CHIM KEE MACHINERY CO. LTD
- Court
- Court of First Instance
- Case number
- HCA2025/2012
Although the defendant adduced credible evidence indicating the plaintiff's precarious financial position, the court exercised its discretionary balancing power under s.357 and declined to order security because the plaintiff had costs awarded in a related winding‑up petition (subject to taxation) and other cross‑debts and practical set‑off considerations meant that ordering security would be unjustified on a broad‑brush assessment; accordingly the defendant's application was dismissed.