Read the full judgment text of HCA 7611/1996 on BabelCite. This High Court CFI judgment was delivered on 10 September 1997.
1. Charter View Holdings (B.V.I.) Ltd. ("the Company") is a limited company incorporated in the British Virgin Islands. It is the Plaintiff in two actions in Hong Kong. The Defendants in those actions seek security for their costs, both under Ord. 23 r. 1(1)(a) of the Rules of the High Court on the ground that the Company is ordinarily resident out of Hong Kong, and under section 357 of the Companies Ordinance (Cap. 32) on the ground that there is reason to believe that the Company will be unabl