IN THE HIGH COURT OF THE
HONG KONG SPECIAL ADMINISTRATIVE REGION
COURT OF APPEAL
MISCELLANEOUS PROCEEDINGS NO. 1617 OF 2011
(ON AN INTENDED APPEAL FROM HCAP 7 OF 2010)
Before : Hon Cheung JA in Chambers
Date of Hearing : 14 October 2011
Date of Decision : 14 October 2011
Date of Reasons for Decision : 19 October 2011
REASONS FOR DECISION
1. The defendant has lodged an appeal against the judgment of To J dated 14 July 2011 in which, on the plaintiffs’ application forsummary judge against the defendant, he granted leave to the defendant to defend the action conditional upon the defendant payinginto Court $500,000.00 by way of security for costs of the action. The Judge further ordered that there will be liberty to applyif the amount of security becomes inadequate. The appeal will be heard on 14 February 2012. The defendant has complied with the orderby paying $500,000.00 into Court but applies for a stay of execution of the order pending appeal and applies for the release of themoney paid into Court.
2. I will not order a return of the money now in Court because that touches on the subject matter of the appeal. However, it is clearthat the order should be stayed because, otherwise, it will enable the plaintiffs to apply for further securities pending the appeal.Costs of the application be in the cause of the appeal.
Mr. Lam Chin Ching Gary, instructed by Messrs Alex Ho & Co., for the 1st and 2nd Plaintiffs
Defendant : in person, present