29 Jan 1999
WUI FU DEVELOPMENT CO LTD. v. TAK YUENCONSTRUCTION CO LTD.
- Citation
- WUI FU DEVELOPMENT CO LTD. v. TAK YUENCONSTRUCTION CO LTD.
- Court
- Court of First Instance
- Case number
- HCCT40/1998
Given the plaintiff's deteriorated financial position and the insufficiency of the proposed alternative securities to provide equivalent protection to the defendant, the court refused to release or vary the undertaking to provide bank guarantees and dismissed the plaintiff's application, ordering the plaintiff to pay the defendant's costs of the application.