10 Feb 2026
ZHAN XIANMING v. GRACEWOOD INTERNATIONAL LTD
- Citation
- [2026] HKCA 87
- Court
- Court of Appeal
- Case number
- CACV473/2024
Security for costs ordered (HK$750,000) because material before the Court established Zhan's impecuniosity, residence outside the jurisdiction, and history of non‑payment of costs making enforcement likely difficult and expensive; the asserted merits of the appeals do not constitute sufficient countervailing factors to outweigh the special circumstances justifying security; quantum reduced from draft estimate to exclude potential VCF application costs.