Read the full judgment text of HCA 008200/1998 on BabelCite. This High Court CFI judgment was delivered on 12 April 1999.
2. It is common ground that the Plaintiff is a company registered in the British Virgin Island and there is evidence that the Plaintiff has no assets in Hong Kong and is not likely to receive injection of funds. In these circumstances, Mr. Li for the Defendants said that security for costs should be ordered so as to ensure that Defendants would be able to recover costs for successfully defending the action.
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