23 Jan 2001
Mount Top Management Ltd. v. Charter General Holdings Ltd.
- Citation
- Mount Top Management Ltd. v. Charter General Holdings Ltd.
- Court
- District Court
- Case number
- DCCJ16001/2000
The judge held that on the evidence the plaintiffs had furnished valuable consideration within s.27(1)(a) because consideration moved from the plaintiffs to Changchun Charter (including the plaintiffs agreeing to perform and Mr Lai travelling to demonstrate), following the approach in Diamond v Graham and Kao Lee & Yip; consequently the plaintiffs demonstrated a high probability of success and the refusal to order security for costs was correct, so the appeal was dismissed.