23 Mar 2016
HONG KONG FAR INFRARED RAYS ASSOCIATION LTD v. LAM HONG NAM
- Citation
- HONG KONG FAR INFRARED RAYS ASSOCIATION LTD v. LAM HONG NAM
- Court
- Court of First Instance
- Case number
- HCA1963/2014
The application for security was dismissed because the third-party undertaking by German Pool, given by its director and supported by German Pool's audited and unaudited financial statements showing substantial assets and profits, was binding and sufficient to satisfy the court that the plaintiff would not be unable to pay the defendant's costs, so the court exercised its discretion not to order security.