19 Mar 2013
JO V JOHNSTON HC CHCH CIV-2009-409-000741
- Citation
- openlaw-f4b26a0f_0090_4293_89fd_7960d37a3801.pdf
- Court
- High Court
Adopting Whata J's findings on the plaintiffs' weak New Zealand asset position and the plaintiffs' evasive disclosure, and finding the second defendant's application was timely once relevant information emerged, it is just in all the circumstances to order security for prospective costs. $40,000 is a realistic quantum to cover preparation and trial disbursements for the six-day trial; ordering security including interlocutory costs ($3,300) to a total of $43,300, with reduction to $40,000 if costs are paid, and a stay if security is not provided within the prescribed time, is proportionate an…