7 Mar 2014
HAIFA INTERNATIONAL FINANCE CO LTD v. CONCORD STRATEGIC INVESTMENTS LTD
- Citation
- HAIFA INTERNATIONAL FINANCE CO LTD v. CONCORD STRATEGIC INVESTMENTS LTD
- Court
- Court of First Instance
- Case number
- HCA4442/2003
The application for security for costs was summarily dismissed because it was brought very late after PTR and within three months of trial, the defendant had flouted a prior court order and its own listing questionnaire, provided unsatisfactory explanations for delay, and the lateness caused prejudice and potential waste of court resources; accordingly the court refused the application and awarded costs to the plaintiff on an indemnity basis assessed at $40,000.