16 Apr 2020
CREDIT SUISSE AG v. THE OWNER OF THE SHIP OR VESSEL “BRIGHTOIL LUCKY”
- Citation
- [2020] HKCFI 613
- Court
- Court of First Instance
- Case number
- HCAJ14/2019
The court exercised its supervisory judgment to fix sensible retention sums per action and to limit the security to cover (a) the plaintiff's costs of the action on an indemnity basis, to be taxed if not agreed, and (b) further legal costs and disbursements incurred to protect, exercise or enforce the plaintiff's rights under the mortgage; retention sums ordered: HCAJ13 US$380,000, HCAJ14 US$370,000, HCAJ15 US$350,000, HCAJ16 US$370,000. The Chief Bailiff's commission (HK$5,866,947.15) must be paid first; the plaintiff paid as second priority as first priority mortgagee; intervener's priority…