12 Oct 2009
LOKTRONIC INDUSTRIES LIMITED V STEPHEN JOHN DIVER AND ORS HC AK CIV-2008-404-4657
- Citation
- openlaw-e0788c8d_9082_4766_a0b3_92213a364fc9.pdf
- Court
- High Court
Security for costs ordered in the total sum of NZD 85,000 (NZD 17,000 per defendant applicant). The plaintiff conceded impecuniosity; contract claims are arguable while tort claims are finely balanced. On balance defendants should not be left totally exposed; the sum ordered protects defendants reasonably without denying plaintiff access to court. Security may be by payment to the Registrar or personal guarantees by the director and Loktronic Innovationz Ltd with specified undertakings; security to be provided within seven working days.