9 Dec 2020
100 INVESTMENTS LTD v WALKER [2020] NZHC 3248
- Citation
- [2020] NZHC 3248
- Court
- High Court
Rule 5.45 was engaged because there was reason to believe the plaintiffs might be unable to pay costs; in all the circumstances it was just to order security but at sums lower than defendants sought and higher than plaintiffs offered; security was fixed at $175,000 for LPF and $83,375 for SPF with staged payments and a stay until the first instalments were paid, with leave to seek further security if circumstances change.