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][4]. Group 1: Court Rulings and Appeals - 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 filed two motions on October 17, 2025, seeking permission to appeal the court's decision and to stay the execution of the order pending the appeal [2]. - The court found no reasonable grounds for Xu's appeal, dismissing all arguments presented, including claims of misapplication of legal standards and jurisdictional overreach [2][5]. Group 2: Financial Obligations and Defenses - The court ordered Xu Jiayin to pay HKD 1.2 million in litigation costs by November 4, 2025, but he failed to do so, citing his detention by mainland authorities as a reason for the delay [5]. - Xu's defense included claims of having HKD 20 million in a lawyer's retainer with a previous law firm, which he argued should be used to cover the litigation costs [5][6]. - The court rejected Xu's explanations, stating that he had been able to pay his legal team with undisclosed funds, thus he should also be able to pay the assessed litigation costs [6].
许家印上诉申请被驳回,香港高院下达最后通牒:支付120万港元诉讼费!许家印一方辩解:其被内地有关部门拘留,仅能作出一般性指示