2 Dec 1999
NEW JADE ENTERPRISES LTD. v. JING YING SHE LTD.
- Citation
- NEW JADE ENTERPRISES LTD. v. JING YING SHE LTD.
- Court
- Court of First Instance
- Case number
- HCA13764/1997
Given the identical concurrent action, lack of updated company accounts, the ambiguous shareholder undertaking and evidence that the Defendant may not have accessible assets, the court was satisfied there was reason to believe the Defendant would be unable to pay the Plaintiff's costs of the counterclaim and ordered security of HK$100,000 to be paid into court within 14 days, failure of which the counterclaim would be stayed; the security covers the case to judgment but not appeal.