Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Disclosure of funder
  • 8 Jul 2019

    ALEXANDER TUGUSHEV v. VITALY ORLOV

    Citation
    [2019] HKCFI 1697
    Court
    Court of First Instance
    Case number
    HCMP1116/2018

    Disclosure of the funder and funding agreement was refused because unlawful maintenance or champerty alone does not justify disclosure or striking out absent clear evidence of abuse of process; the defendant failed to show such evidence and the plaintiff's loaned funding (repayable, used at plaintiff's discretion) does not on the evidence amount to maintenance or champerty; however, on the balance of risks and given the ancillary and limited nature of the Hong Kong proceedings, security for costs in the sum of HK$800,000 payable into court within 14 days is appropriate.