11 Mar 2025
INSTITUTE OF MANAGEMENT ACCOUNTANTS, INC v. MAESC CO. LTD
- Citation
- [2025] HKCFI 971
- Court
- Court of First Instance
- Case number
- HCA280/2023
Because MCL was in default and sought the Court's indulgence to set aside a regularly entered default judgment, the general rule required MCL to pay IMA's costs of the Summons (summarily assessed at HK$300,000); for the Remaining Costs the fairest exercise of discretion was to make them follow the event of the US action (assessed at HK$110,000 recoverable by IMA only if IMA prevails in the US action) while taking MCL's fault into account; MCL was also ordered to pay HK$20,000 on nisi for the costs disputes with that nisi to become absolute in 14 days if not varied.