13 Jul 2007
HBFP LTD (In Liquidation) v. JACKIN TOTAL FULFILMENT SERVICES LTD
- Citation
- HBFP LTD (In Liquidation) v. JACKIN TOTAL FULFILMENT SERVICES LTD
- Court
- Court of First Instance
- Case number
- HCCW628/2006
The court refused to order security for costs in the form sought because, on the evidence (including recent realisations, repayments of outside debt and the liquidators' undertaking), HBFP is likely to have sufficient funds to meet any adverse costs order; an undertaking by the liquidators to keep HK$300,000 on hand, supported by a filed affirmation within seven days, sufficiently protects the respondent and obviates the need for cash to be brought into court. The recoverable costs were assessed unlikely to exceed HK$300,000.