SPECTRUM PLUS LTD AND ANOTHER v. KONICA MINOLTA BUSINESS SOLUTIONS (HK) LTD

HCA 10364/2000

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

ACTION NO. 10364 OF 2000

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BETWEEN

  SPECTRUM PLUS LIMITED 1st Plaintiff
  SPORTS ACTIVITIES LIMITED 2nd Plaintiff
  and  
  KONICA MINOLTA BUSINESS SOLUTIONS (HK) LIMITED Defendant

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Before: Deputy High Court Judge Carlson in Chambers

Date of Ruling (Handed Down): 29 June 2007

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R U L I N G

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1. The parties not having agreed on the amount of security which I have ordered the Plaintiff companies to provide, I am now requiredto set the amount myself.

2. It seems to me that the proper sum to order would be $600,000. I do not believe that this case will take as long as the Defendanthas suggested in its bill of costs. The case itself is not factually complicated and I have also taken into account the prospectthat the action may settle before trial.

3. Accordingly, the Defendant will have an order in terms of its summons in the amount of $600,000 which must be paid into court within14 days of today. If there are any additional costs, which probably only relate to exchanges of correspondence between the parties’solicitors and with the court leading to the making of this particular ruling, then these must be to the Defendant in any event. This order for costs will be an order nisi.

  (Ian Carlson)
Deputy High Court Judge

Jose Antonio Maurellet, instructed by Messrs Barlow Lyde & Gilbert, for the 1st and 2nd Plaintiffs

Lawrence Ng, instructed by Robert Lee Law Offices, for the Defendant