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by Mike Caswell

Kun Huang, the man suing Silvercorp Metals Inc. in the Supreme Court of British Columbia over his detention in China, must pay $150,000 as security for costs if he wishes to go ahead with his lawsuit. A judge has determined that there is a substantial risk Silvercorp will be unable to recoup its legal fees should the company win the case. This is because Mr. Huang has organized his financial affairs in what the judge describes as an unusual manner.

The ruling comes as part of the lawsuit that Mr. Huang brought against Silvercorp on Aug. 19, 2014, in which he complained that the company was responsible for his jailing in China. He had done some of the work that went into the well-publicized Alfred Little report that targeted Silvercorp in 2011, leading to a decline in the company's share price. After the report, he was arrested and not permitted to leave China for over two years. He claims that his detention came at the behest of Silvercorp.

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Kun Huang

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