18 Apr 2016
BALLANTYNE TRUSTEES LIMITED AND OTHERS v PAPPRILL HADFIELD & ALDOUS SOLICITORS NOMINEE COMPANY LIMITED [2016] NZHC 713
- Citation
- [2016] NZHC 713
- Court
- High Court
The Court exercised its discretion to stay the rescission application until outstanding interlocutory costs (including interest) were paid because the applicants had failed to satisfy the prior costs order; the threshold for security for costs was met in respect of one applicant (Keung) given bankruptcy history and absence of evidence from co-applicants, and on balance the Court ordered total security so that each respondent was effectively secured to $25,000 (achieved by holding $10,000 already paid and requiring an additional $30,000 into trust), and the Court ordered tailored discovery of…