2 Jul 2009
AMBITION WHOLESALERS LIMITED & ANOR V PAUL & ORS HC AK CIV 2007-404-005764
- Citation
- openlaw-5edcfaa9_5020_4902_9845_25f7f2a7277a.pdf
- Court
- High Court
Threshold for security was satisfied; the plaintiffs' (RDL/Ambition) position was sufficiently meritorious and RDL undertook to meet any costs making security unnecessary as to plaintiffs' claim; the third parties faced a factually complex, potentially costly claim and Ms Paul failed to disclose her financial position, so it was just to order security for costs by Ms Paul of NZD 30,000 payable within 14 days, failure to provide security or RDL's undertaking to stay the relevant claim; costs awarded on a 2B basis with specified adjustments.