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 pay...
Source: mondaq.com