25 Mar 2022
JINDAL v JARDEN SECURITIES LIMITED [2022] NZHC 572
- Citation
- [2022] NZHC 572
- Court
- High Court
The High Court found the Judge erred by failing to address the mandatory consideration whether to adopt the usual forward‑looking approach to security for costs (there being no exceptional circumstances to depart from it), thereby fixing an excessive quantum; the correct approach was forward‑looking with credit for the prior $4,000 payment, and the amended security was set at $1,200 (in addition to the earlier $4,000), with the balance of amounts paid to be returned to the appellant.