Deutsche Bank Aktiengesellschaft v Lee Yung-Te

Deutsche Bank sought an extension of the validity of its originating application claiming over HK$32 million from a Taiwanese customer under loan facilities, as the application had not been served within its 12-month validity period. The SICC granted a two-month extension, finding good reason in the claimant's deliberate strategy of pursuing settlement negotiations instead of serving process, but declined the six months sought, noting the claimant must now serve notwithstanding ongoing negotiations.