16 Dec 2015
PORTER v PORTER [2015] NZHC 3258
- Citation
- [2015] NZHC 3258
- Court
- High Court
Threshold for security was met because plaintiff is resident overseas and insolvent; the s 345 claim against PWA Griffin is prima facie unmeritorious because plaintiff joined and ratified the sale by directors' and shareholders' resolutions, while the claim against the first defendants is weak but not so weak as to justify denial of all access to justice; accordingly modest security ($5,000) was ordered for the first defendants and substantial security ($20,000) for the second defendant, with failure to pay resulting in stays and costs ordered as specified.