23 Jun 2006
US INTERNATIONAL MARKETING LIMITED V ANZ NATIONAL BANK LIMITED HC AK CIV 1998-404-195
- Citation
- openlaw-1064f0b4_164d_4109_966c_6c05ac3c6d51.pdf
- Court
- High Court
Plaintiff is impecunious and the claim is unlikely to produce more than nominal damages because of significant obstacles (disputed authenticity of contract, substantial Indian law defences and remoteness); in all the circumstances it was within the court's discretion to order further security for costs to protect the defendant's likely expense; appropriate quantum is $50,000 to be paid in two tranches and the proceeding is stayed pending payment.