Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Insolvency/impecuniosity
  • 1 Jun 1989

    GUESS ?, INC. AND OTHERS v. LEE SECK MON AND OTHERS

    Citation
    GUESS ?, INC. AND OTHERS v. LEE SECK MON AND OTHERS
    Court
    Court of First Instance
    Case number
    HCA604/1986

    Leave to re-amend was granted but conditional on provision of ordered security; security for costs was ordered only up to completion of discovery (staggered approach). Quantum was assessed with substantial discounts: 1st–6th defendants HK$13,000,000 to date and HK$15,000,000 to completion of discovery; 7th defendant HK$6,000,000 to date and HK$9,000,000 to completion of discovery. Apportionment: Marcianos to provide 10% of costs to date and Guess 90%; for costs from present to completion of discovery Gasoline to provide 10% and Guess 90%. Liberty to apply for further security and leave to ame…