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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 defendant s legal costs. If a security for costs order is made, the claimant will be required to provide security to the court to be used for payment of the defendant s legal costs if the defendant is successful at trial and a costs order is made in their favour.

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