20 May 2010
LIMING CAPITAL LTD v. CLSA LTD
- Citation
- LIMING CAPITAL LTD v. CLSA LTD
- Court
- Court of First Instance
- Case number
- HCA2055/2008
Plaintiff, being ordinarily resident outside the jurisdiction, was not shown to be so impecunious that an order for security would probably stifle the claim; the defendant's estimate of required costs was excessive; exercising the court's discretion and applying a broad‑brush assessment the Master ordered further security of HK$400,000 to be paid into court within 21 days and stayed proceedings until payment, with defendant's costs of the application ordered nisi at HK$25,000.