Security for costs order against liquidator denied - Insolvency/Bankruptcy/Re-structuring
Security for Costs order background: Hambleton & Anor v Idec Solutions Pty Ltd (‘Hambleton) is a recent Queensland District Court case which examined whether a security for costs application will be granted where a liquidator is a party to a proceeding. In simple terms, court orders which require security be provided to cover legal costs in a proceeding are granted where an unsuccessful claimant could potentially not afford to pay the successful defendants legal costs. If a security for cost...
Justice Porter Harpurv Ariadne Australia Ltd Harpur Queensland District Court Idec Solutions Idec Solutions Pty Ltd Second Plaintiff
Source: mondaq.com