Montcommerce d.o.o. vs Murray and Roberts Ltd (020727/2023)
Montcommerce d.o.o. vs Murray and Roberts Ltd (020727/2023) [2024] ZAGPJHC 357 (12 April 2024)
The defendant failed to establish a factual basis for its apprehension that the plaintiff would be unable to satisfy a costs order. Mere status as a foreign peregrinus does not automatically entitle the defendant to security for costs. The defendant did not provide evidence of the plaintiff's financial inability or any probability thereof. The plaintiff did not plead poverty or suggest that an order for security would prevent it from pursuing its claims. The balancing exercise required by law, considering fairness and equity, did not justify ordering security for costs in the circumstances. T…
Source excerpt
- Security For Costs
- Peregrinus Company
- Service Level Agreement
- Retention Money
- Counterclaim
- Prescription