3 May 2005
SPRITE MASS ENTERPRISES LTD v. LOYAL PROFIT ENTERPRISE LTD
- Citation
- SPRITE MASS ENTERPRISES LTD v. LOYAL PROFIT ENTERPRISE LTD
- Court
- Court of First Instance
- Case number
- HCA1842/2004
Security for costs was ordered because the plaintiff's Companies Registry record showed only HK$10,000 paid up capital, the plaintiff refused to disclose any financial information, failed to demonstrate a high probability of success, and the defendants adduced credible surrounding circumstances to justify a reason to believe the plaintiff would be unable to pay the defendants' costs; accordingly the court exercised its discretion to order security in the sum of HK$225,000 for each action with a 28‑day period and made consequential costs orders.