11 Sept 2023
HIGH FASHION NEW MEDIA CORPORATION LTD (suing on behalf of itself and also in its capacity as the sole shareholder of LONGFORD INFORMATION AND TECHNOLOGY CO LTD) v. LEONG MA LI
- Citation
- [2023] HKCA 1028
- Court
- Court of Appeal
- Case number
- CACV341/2022
Plaintiff failed to demonstrate the special circumstances required to order security for costs because the defendant produced evidence of substantial funds (about HK$8.6m) in a Hong Kong bank account sufficient to satisfy the security sought, there was no evidence of likely dissipation at the Mareva standard, and the appeal was not shown to be clearly hopeless; accordingly the application for security was dismissed and the plaintiff ordered to pay the defendant's costs of the application assessed at HK$250,000 gross.