11 Feb 2022
ROSKILL NOMINEES LIMITED v CUNNINGHAM [2022] NZHC 160
- Citation
- [2022] NZHC 160
- Court
- High Court
Although the plaintiff met the r 5.45(1) threshold by showing it lacked independent resources and was dependent on shareholder funding, the Court exercised its discretion under r 5.45(2) and declined to order security because the plaintiff's rent recovery claim had substantial merit, part of the impecuniosity resulted from the defendant's failure to pay rent, delay was neutral, and ordering security would not be just in all the circumstances.