3 Nov 2008
RAY & PHYLLIS DENNING TRUSTEE LIMITED V WATERCARE SERVICES LIMITED HC AK CIV 2008-404-2406
- Citation
- openlaw-22866007_cad2_449f_b55d_0422d9598926.pdf
- Court
- High Court
The court granted security for costs in the sum of $100,000 to be provided by an undertaking from Lake Gardens Limited because, on the evidence and subject to reporting and protective conditions addressing construction overruns, additional borrowings and tenanting, there is currently sufficient equity to secure costs despite competing secured interests; conditions were imposed and the order must be served on secured creditors.