13 Sept 2007
VENCO ENGINEERING LTD v. TAI FONG ENGINEERING HONG KONG CO LTD
- Citation
- VENCO ENGINEERING LTD v. TAI FONG ENGINEERING HONG KONG CO LTD
- Court
- Court of First Instance
- Case number
- HCA2270/2005
The defendant's affidavit and documentary material made its assertions believable such that the defendant demonstrated a real or bona fide defence to the claim; accordingly summary judgment was refused and the defendant granted unconditional leave to defend. On the Companies Ordinance s.357 balancing exercise, the plaintiff failed to demonstrate that its backers could not provide funds; a limited security for costs of HKD 175000 was ordered and the proceedings stayed until payment.