24 May 2024
RE LAU WANG CHI, BARRY
- Citation
- [2024] HKCA 490
- Court
- Court of Appeal
- Case number
- CACV147/2024
The Court set aside the judge’s order and exercised the discretion afresh: it held there was a tentative but sufficient prospect that the appeal and new evidence disclose a triable issue, and that the bankruptcy court may impose security as a condition of adjourning a petition; applying the exercise of discretion to the facts, the court ordered security equal to half the judgment sum (HK$12,900,000) to be paid into court or provided to the petitioners within eight weeks, with liberty to apply, and awarded mixed costs of the appeal (50% to the appellant).