Read the full judgment text of HCA 012338/1983 on BabelCite. This High Court CFI judgment.
1. This is an application for security for costs by the defendants to four actions now consolidated in each of which the plaintiff is different. In each case, the plaintiff is a company with paid-up capital of $2. In those circumstances, the defendants ask for security as provided for under S.357 of the Companies Ordinance. Miss Loh who appears for the plaintiffs, having been given an adjournment to file affidavit evidence to show that the company's assets were greater than appeared as a result