30 Aug 2021
THE NATIONAL TRUST LTD v. TAHOE INVESTMENT GROUP CO., LTD AND OTHERS
- Citation
- [2021] HKCFI 2617
- Court
- Court of First Instance
- Case number
- HCMP2301/2020
Security for costs ordered: plaintiff unable to demonstrate the high degree of probability of success required to resist security for costs because (a) the Undertakings lack an express choice of Mainland court agreement likely required for enforcement under the MJREO and (b) the Undertakings prima facie do not operate as guarantees creating primary liability but rather require transfer of shareholdings, therefore plaintiff must provide security of HK$3,000,000 payable into court within 21 days; costs of the summons awarded to defendants with certificate for senior counsel; limited leave grant…