5 Dec 2007
ELEND PTY LIMITED AND ANOR V DAJ KELT HC NAP CIV-2004-441-526
- Citation
- openlaw-ce8b0d20_dfa3_4ddf_8b61_2bba478a2602.pdf
- Court
- High Court
Given the plaintiffs are overseas companies with little or no assets in New Zealand, have not disclosed persuasive evidence that their impecuniosity results from the defendant's actions, and have not provided full financial disclosure, the Court exercised its discretion under r 60(1) to vary the existing security order and require payment (or approved bank security) totalling $53,600; the stay was refused.