12 Jun 2007
SPECTRUM PLUS LTD AND ANOTHER v. KONICA MINOLTA BUSINESS SOLUTIONS (HK) LTD
- Citation
- SPECTRUM PLUS LTD AND ANOTHER v. KONICA MINOLTA BUSINESS SOLUTIONS (HK) LTD
- Court
- Court of First Instance
- Case number
- HCA10364/2000
The court exercised its discretion to order security for costs against both plaintiffs because the defendant proved on the available evidence that the 1st plaintiff is likely unable to pay (history of unsatisfied judgments, minimal registered capital, lack of accounts and other indicia of being a shell) and the 2nd plaintiff is a foreign BVI company with no assets in jurisdiction; the assignment to the 1st plaintiff was suspicious in motive but not declared void for public policy; merits did not outweigh the defendant's established evidential threshold; quantum to be fixed subsequently (court…