13 Feb 2007
NEW WORLD LIBERTY CHINA VENTURES LTD AND ANOTHER v. W.I.F. GLASS BOTTLE (INT\'L) LTD AND ANOTHER
- Citation
- NEW WORLD LIBERTY CHINA VENTURES LTD AND ANOTHER v. W.I.F. GLASS BOTTLE (INT\'L) LTD AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV7/2007
Because WIF was shown to be impecunious (paid up capital $3, equity $330), the second defendant is resident outside the jurisdiction, and the defendants did not contest, the court exercised its discretion under Order 59 r 10(5) to order security for costs of the appeal in the sum of $150,000, to be paid into court within 28 days, with the appeal stayed until payment and dismissed if not paid.