13 Aug 2020
EXIT TIMESHARE NOW (N.Z.) LIMITED v CLASSIC HOLIDAYS LIMITED [2020] NZHC 2046 [13 August 2020]
- Citation
- [2020] NZHC 2046
- Court
- High Court
Security for costs was ordered because the procedural threshold under r 5.45 was met (plaintiff a foreign subsidiary) and Exit Timeshare failed to demonstrate it could meet an adverse costs order given lack of independent financial evidence, director capital injection and limited asset value; the appropriate quantum was fixed at $33,460 (2B three-day scale); failure to pay within prescribed time results in a stay; particulars: plaintiff must plead identity and particulars required by s 6 and the plaintiff must file the amended pleading within set timeframes and comply with discovery direction…