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
- HCA1841/2004
Security for costs was ordered because the defendants presented credible evidence (plaintiff's Companies Registry record showing paid-up capital of HK$10,000 and refusal to provide audited accounts) from which it was reasonable to infer the plaintiff may be unable to pay costs; there was no evidence of assets or income and no persuasive reason to exercise discretion against ordering security; quantum fixed at HK$225,000 per action, staged security rejected, and specified costs directions given.