Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Treasury system issues
  • 11 Mar 2005

    MIGHTYWORLD CO LTD v. YAU FOOK HONG CO LTD

    Citation
    MIGHTYWORLD CO LTD v. YAU FOOK HONG CO LTD
    Court
    Court of First Instance
    Case number
    HCCL63/2004

    The court exercised its case-management discretion to grant a temporary stay of eight related proceedings pending determination of the Probate Appeal because the balance of convenience favored a short stay: substantial litigation costs, likely needless if Mrs Wang succeeds, the centrality of the treasury system across proceedings, and the Court of Final Appeal's strong case-management observations outweighed the administrators' objections; costs were ordered against the administrators, two counsel certified for Mrs Wang/CAL, and interim escrow protection for Parasia was refused.