8 Sept 2020
KEEZZ LTD (NZCN 6836013) v KEEZZ PTY LTD (CAN 116 327 005) [2020] NZHC [2330]
- Citation
- KEEZZ LTD (NZCN 6836013) v KEEZZ PTY LTD (CAN 116 327 005) [2020] NZHC [2330]
- Court
- High Court
The court found the r 5.45(1) threshold satisfied because one plaintiff is incorporated outside New Zealand and there was reason to believe the plaintiffs might be unable to pay costs given limited financial disclosure and reliance on claimed receivables as assets; on balance it was just to order security of costs of NZD 50,000 in three staged tranches and to stay the proceedings until payment; privileged material identified was to be disregarded.