Bank of Communications Company Ltd v. Victory Season Ltd and Others

Read the full judgment text of CACV 107/2024 on BabelCite. This Court of Appeal judgment was delivered on 6 December 2024.

1. The plaintiff seeks costs of the appeal at $212,400 which includes fee for counsel at $160,000. Despite the directions given for the filing of objections to the statement of costs, the defendants fail to do so.

Cited by 1 case · Cites 1 case

Case No.CACV 107/2024[2024] HKCA 1129
Court
Court of Appeal
Date06 Dec 2024
Judge
Case Document
100%Judiciary

CACV 107/2024, [2024] HKCA 1129

On Appeal From [2023] HKCFI 2815

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF APPEAL

CIVIL APPEAL NO. 107 OF 2024

(ON APPEAL FROM HCMP NO. 292 OF 2023)

________________________

  IN THE MATTER OF the property known as ALL THOSE 59 equal undivided 844th parts or shares of and in ALL THAT piece or parcel of ground registered in the Land Registry as RURAL BUILDING LOT NO. 224 And of and in the messauges erections and buildings thereon now known as ‘OPUS HONG KONG (傲璇)’, No. 53 Stubbs Road, Hong Kong (‘the Development’) TOGETHER with the sole and exclusive right to the use occupation and enjoyment of 1) ALL THAT the RESIDENTIAL UNIT on the 5th FLOOR of the Development (together with an A/C Plant Accommodation (being an A/C plant room) on the Lower Ground Floor of the Development); and 2) ALL THOSE PARKING SPACE NOS. 5 and 6 on the LOWER GROUND FLOOR of the Development (‘the Mortgaged Property’) and IN THE MATTER OF a Mortgage in respect of the Mortgaged Property dated 16th August 2019 and registered in the Land Registry by Memorial No.19090201690078 (‘the Mortgage’)
  and
  IN THE MATTER OF a Second Legal Charge in respect of the Mortgaged Property dated 16th August 2019 and registered in the Land Registry by Memorial No. 19090201690095 (‘the Second Legal Charge’)
  and
  IN THE MATTER OF a Deed of Guarantee dated 22nd May 2022 by Jovial Link Holdings Limited (‘the 1st Deed of Guarantee’)
  and
  IN THE MATTER OF a Deed of Guarantee dated 14th August 2019 by Chen Family Assets Management Company Limited (‘the 2nd Deed of Guarantee’)
  and
  IN THE MATTER OF a Deed of Guarantee dated 14th August 2019 by Chen Hong Tian and Chen Li Ni Yao (‘the 3rd Deed of Guarantee’)
  and
  IN THE MATTER OF a Deed of Guarantee by Jovial Link Holdings Limited (‘the 4th Deed of Guarantee’)
  and
  IN THE MATTER OF a Deed of Guarantee dated 14th August 2019 by Chen Family Assets Management Company Limited (‘the 5th Deed of Guarantee’)
  and
  IN THE MATTER OF a Deed of Guarantee dated 14th August 2019 by Chen Hong Tian and Chen Li Ni Yao (‘the 6th Deed of Guarantee’)
  and
  IN THE MATTER OF Order 88 and Order 28 of the Rules of the High Court (Cap. 4A)

________________________

BETWEEN

  BANK OF COMMUNICATIONS COMPANY LIMITED Plaintiff
  and  
  VICTORY SEASON LIMITED 1st Defendant
  KAI KIN HOLDINGS LIMITED 2nd Defendant
  JOVIAL LINK HOLDINGS LIMITED 3rd Defendant
  CHEN FAMILY ASSETS MANAGEMENT COMPANY LIMITED 4th Defendant
  CHEN HONG TIAN 5thDefendant
  CHEN LI NI YAO 6thDefendant

________________________

Before : Hon Cheung, Barma and Chow JJA in Court
Date of Decision : 6 December 2024

___________________________________

SUMMARY ASSESSMENT OF COSTS

___________________________________

Hon Cheung JA (giving the Summary Assessment of Costs) :

1.The plaintiff seeks costs of the appeal at $212,400 which includes fee for counsel at $160,000. Despite the directions given for the filing of objections to the statement of costs, the defendants fail to do so.

2.We will summarily assess the plaintiff’s costs at $200,000 inclusive of counsel’s fee.

(Peter Cheung)
Justice of Appeal
(Aarif Barma)
Justice of Appeal
(Anderson Chow)
Justice of Appeal

1st, 5th and 6th Defendants, unrepresented, acting in person

Tsang, Chan & Wong, for the Plaintiff

Other Judgments in This Case

Further hearings and rulings under CACV 107/2024