Hu v Gu [2020] NSWSC 1193

Supreme Court New South Wales

Medium Neutral Citation: Hu v Gu [2020] NSWSC 1193 Hearing dates: 21 August 2020 Date of orders: 21 August 2020 Decision date: 21 August 2020 Jurisdiction: Equity - Commercial List Before: Ball J Decision: (1) Judgment for the Plaintiffs against the First Defendant in the sum of $5,929,897.86. (2) There be no order as to costs in respect of the proceedings against the First Defendant. (3) Upon the continuation of the Plaintiffs' undertaking to the Court as set out in (1) of Schedule A to the Summons, the freezing order initially made by the Court on 8 July 2020 (Freezing Order) continues to operate against the First Defendant until the judgment amount in order 1 is paid in full. (4) The Freezing Order against the Second Defendant is discharged. (5) The matter be listed in the Commercial List on 23 October 2020. Catchwords: PRACTICE AND PROCEDURE – Judgment debt – Where judgment debt not paid – No issues of principle Cases Cited: Hu v Blue Whale Entertainment Pty Ltd [2020] NSWSC 562 Category: Principal judgment Parties: Po Hu (First Plaintiff) Zhenhua Zhang (Second Plaintiff) Ying Qin (Third Plaintiff) Zhi Huang (Fourth Plaintiff) Menghong (Michael) Gu (First Defendant) i-Prosperity Capital Management Pty Ltd (ACN 635 134 977) (Second Defendant) Representation: Counsel: DB Larish (Plaintiffs) No Appearance (First Defendant)