13 Feb 2006
TASMAN CHARTERS INCORPORATED (IN LIQUIDATION IN NEW ZEALAND) & ORS V KAMPHUIS & ORS HC AK CIV 2003-404-1642
- Citation
- openlaw-53ba36f0_ffe0_4acb_ab52_a74d51df0bbb.pdf
- Court
- High Court
No material change of circumstances justified reversing earlier staged orders; discovery improved plaintiffs' case but not decisively; defendants face real and appreciable risk of non-recovery of costs from an overseas/liquidated plaintiff and lack enforceable assurances; exercising discretion accordingly, further security totaling NZD 70,000 (plus payment of outstanding NZD 6,956.50 by defendants 2-4) ordered and proceedings stayed until lodged.