29 Jan 2021
DELCO PARTICIPATION B.V. v. HWH HOLDINGS LTD
- Citation
- [2021] HKCFI 250
- Court
- Court of First Instance
- Case number
- HCA2943/2015
Security for costs was ordered because Delco is an out-of-jurisdiction plaintiff and the Court of Appeal decision established that the defendants' counterclaims operate as a defence (equitable set-off/estoppel by convention), so the defendants are primarily defending rather than being co-attackers; having exercised a broad-brush assessment and discounted claimed costs the court fixed proportionate sums for each action and required payment within 28 days.