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 - The High Court ruled on September 16, 2025, appointing Edward Simon Middleton and Huang Yongshi as joint receivers for Xu Jiayin's assets and businesses, with the costs to be borne by Xu [2]. - Xu Jiayin's appeal was based on three main arguments, all of which were dismissed by the court as lacking reasonable grounds for dispute [2]. - The court has ordered Xu Jiayin to pay the assessed litigation costs of HKD 1.2 million by November 4, 2025, which he failed to do, leading to further legal consequences [3]. Group 2 - Xu Jiayin's defense claimed he was detained by mainland authorities, limiting his communication and ability to manage his legal affairs [3]. - The court did not accept 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 litigation costs [4]. - The court emphasized that if Xu could pay his legal team, he should also be able to pay the assessed litigation fees, reinforcing the requirement to comply with the court's order [4].
许家印上诉申请被驳回，香港高院下最后通牒：支付120万港元诉讼费