16 Feb 2015
SUPREMACY TRADING CO LTD v. PEARL DRAGON INVESTMENTS LTD
- Citation
- SUPREMACY TRADING CO LTD v. PEARL DRAGON INVESTMENTS LTD
- Court
- Court of First Instance
- Case number
- HCSA57/2014
Security for costs was ordered because the appellant company had minimal issued capital and no known assets in Hong Kong creating a real risk it could not meet a costs order; the delay in making the application was not sufficient to defeat the application; the amount sought ($200,000 for both appeals) was excessive relative to the total amount involved ($98,000) and the confined nature of the issues, and the court fixed security at $20,000 per appeal to be provided by 2 March failing which the appeals shall be dismissed.