22 Nov 2011
MGA ENTERTAINMENT INC. v. TOYS & TRENDS (HONG KONG) LTD AND OTHERS
- Citation
- MGA ENTERTAINMENT INC. v. TOYS & TRENDS (HONG KONG) LTD AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV104/2011
The court granted a stay of execution pending appeal on condition that the plaintiff pay into court or provide an acceptable bank guarantee for US$5,000,000 within six weeks, after forming a preliminary view that the appeal was arguable and that the damages might be reduced but not to the extent claimed by the plaintiff; the court balanced the merits and the plaintiff's financial assertions and reduced the security from the full judgment sum to US$5 million.