4 Mar 2008
GRANT SMART (HK) LTD v. POWER LEADER TECHNOLOGY DEVELOPMENT LTD AND ANOTHER
- Citation
- GRANT SMART (HK) LTD v. POWER LEADER TECHNOLOGY DEVELOPMENT LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1107/2007
Security for costs granted in part: court accepted risk that Power Leader and Grant Smart may be unable to meet adverse costs orders, credited prior security and applied a 25% reduction for likely taxation and overlap; appropriate security quantified by apportioning claimed costs between pre-trial and trial, crediting prior security, and discounting for overlap, resulting in orders for HK$380,000 (Power Leader) and HK$115,000 (Grant Smart).