20 Jun 2012
JENHO DEVELOPMENT LTD v. PENSONIC TECHNOLOGY (HK) LTD
- Citation
- JENHO DEVELOPMENT LTD v. PENSONIC TECHNOLOGY (HK) LTD
- Court
- District Court
- Case number
- DCCJ4402/2009
On the materials before the court, including consolidated group accounts showing losses and net liabilities and circumstantial evidence about the structure and finances of the group, the applicant established credible reason to believe Pensonic Technology would be unable to meet an adverse costs order; Pensonic Technology did not adduce adequate contrary documentary evidence; exercising the court's discretion in all circumstances (including excused delay and absence of strong prospect of success), the court ordered payment into court of HK$240,000 as security for costs and awarded the applica…