25 May 2018
LIN ZUOJUN v. ASIAN BAMBOO (HONG KONG) INDUSTRIAL CO., LTD
- Citation
- [2018] HKCFI 1087
- Court
- Court of First Instance
- Case number
- HCA2121/2017
Security for costs was ordered because the plaintiff's alleged in‑jurisdiction asset was a margin securities account whose entire portfolio was held as collateral for a revolving margin loan, subject to volatility, margin calls, historical active trading and no evidential charge or undertaking ensuring proceeds would be available; on that basis the account was not sufficient security and it was just to order security of HK$85,000 in each action with costs assessed at HK$33,000.