9 Jul 2019
CHINACAST EDUCATION CORPORATION AND OTHERS v. CHAN TZE NGON AND OTHERS
- Citation
- [2019] HKCFI 1711
- Court
- Court of First Instance
- Case number
- HCA1062/2012
The Stay Application was dismissed because there was no extant judgment or enforcement step to be stayed and the HK$3,000,000 had been paid into court by the plaintiffs to fortify the damages undertaking (security for potential liability under the undertaking); the 3rd defendant's contention that opposition to payment out equated to a stay was legally misconceived. The Withdrawal Application was allowed and costs were awarded to the plaintiffs, with the plaintiffs' summary costs assessed at HK$50,000.