Read the full judgment text of on BabelCite. was delivered on 21 July 2005.
1. This was an application for leave to appeal to the Court of Final Appeal. At the conclusion of the hearing of this application, this court granted conditional leave to appeal on the basis that the questions involved in the appeal ought to be submitted to the Court for decision by reason of their great general or public importance. The first condition imposed upon the grant of leave was that security of costs in the sum of $400,000 should be provided within 28 days. The second condition was