16 Jan 2007
POWER LEADER TECHNOLOGY DEVELOPMENT LTD v. ASIA PACIFIC BIOTECH CO LTD AND OTHERS
- Citation
- POWER LEADER TECHNOLOGY DEVELOPMENT LTD v. ASIA PACIFIC BIOTECH CO LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW544/2006
Credible evidence showed the petitioner had no readily realisable assets to meet an adverse costs order and its indirect interest in SAUAM was not available to satisfy costs; the court exercised its discretion and, finding the petition would not probably be stifled, ordered security for costs fixed at HK$425,000 with a stay of proceedings if not provided within 28 days and ordered the petitioner to pay the respondents' costs of the application.