12 Mar 2024
21 FINANCE LTD v. GOLDEN HORSE ASIA PACIFIC LTD AND ANOTHER
- Citation
- [2024] HKCA 237
- Court
- Court of Appeal
- Case number
- CACV208/2023
Applicant discharged burden of showing reason to believe defendants were impecunious based on defaults, valuations and shortfall evidence; court exercised discretion to order security but reduced plaintiff's requested amounts to just sums reflecting reasonable party-to-party costs: HKD 160,000 for CACV 207/2023 and HKD 80,000 for CACV 208/2023; appeals stayed pending payment and will be dismissed in default, with costs awarded to plaintiff as assessed.