Read the full judgment text of HCA 012994/1997 on BabelCite. This High Court CFI judgment was delivered on 23 October 2000.
1. By a summons dated 21 July 2000, the defendants ("the applicants") had made an application for an order of security for costs against the plaintiff, which is a limited company ("the Company"). The application was based on section 357 of the Companies Ordinance, Cap.32. Having read the papers and heard the submissions, I have granted the application and ordered that the plaintiff to pay $150,000 as security for costs. I shall now give the reasons for my decision.