Core Viewpoint - The Hong Kong High Court has rejected Xu Jiayin's appeal regarding the appointment of receivers for his assets and businesses, mandating him to pay approximately HKD 1.2 million in litigation costs by February 20, 2026, or face restrictions on his ability to defend in related lawsuits [1][2][3]. Group 1: Court Rulings - The High Court appointed Edward Simon Middleton and Huang Yongshi as joint receivers for Xu Jiayin's assets and businesses on September 16, 2025, with the costs to be borne by Xu [2]. - Xu Jiayin's appeal for a stay of execution and the appeal permission was denied, as the court found no reasonable grounds for his arguments against the appointment of receivers [2][3]. Group 2: Litigation Costs - The court assessed the litigation costs at HKD 1.2 million, which Xu was required to pay by November 4, 2025, but he failed to do so [3]. - Xu's defense claimed he was detained by mainland authorities, limiting his communication and ability to manage his legal affairs [3][4]. Group 3: Court's Response to Defense - The High Court dismissed Xu's defense, stating that he had been represented by legal counsel since October 8, 2024, and could have used undisclosed funds to pay the assessed litigation costs [4]. - The court emphasized that if Xu could pay his legal team, he should also be able to pay the litigation fees as ordered [4].
香港高院驳回许家印针对接管人任命上诉申请 并令其2月20日前支付120万港元诉讼费 否则将丧失辩护权