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Costs – Security for costs. The claimants obtained permission to appeal a judgment where the defendant's construction of a agreement was favoured by the judge. The defendant applied for security for the costs of the appeal on the basis, inter alia, that there was reason to believe that they would be unable to pay the defendant's costs of an appeal if ordered to do so. The Court of Appeal allowed the application and made an order for security for costs in the sum of £50,000.
Costs – Security for costs. The claimants obtained permission to appeal a judgment where the defendant's construction of a agreement was favoured by the judge. The defendant applied for security for the costs of the appeal on the basis, inter alia, that there was reason to believe that they would be unable to pay the defendant's costs of an appeal if ordered to do so. The Court of Appeal allowed the application and made an order for security for costs in the sum of £50,000.
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