18 Jul 2007
BODY CORPORATE NO. 209549 AND ANOR V AKITA CONSTRUCTION LIMITED AND ORS HC AK CIV-2005-404-3080
- Citation
- openlaw-6c477687_4fc0_4edf_9b34_6a5fb6c7de5a.pdf
- Court
- High Court
Given lack of financial particulars from Blue Sky and potential inability or unwillingness to meet adverse costs, the Court exercised its discretion to order security for costs of $70,000 per defendant (or per paired defendants where applicable), payable in two tranches, in the interests of fairness and proportionality; stays were declined at this stage but leave granted to apply on short notice in event of default; costs of the applications awarded to defendant applicants on a 2B basis.