Dalnyaya Step LLC (in liquidation); Cherkasov and others v Nogotkov (Official Receiver of Dalnyaya Step LLC (in liquidation))

Costs – Security for costs. The Chancery Division granted an application by the former general managers of a Russian company for security of costs from the respondent liquidator of the company, in respect of a hearing due to take place in November 2017 to consider their application to set aside a recognition order and to consider the liquidator's application to summon them to court for questioning, under s 236 of the Insolvency Act 1986. The court held that it had jurisdiction to order security for costs against the respondent in respect of the November hearing because the application, previously brought by the respondent for the recognition order, under the Cross-Border Insolvency Regulations 2006, SI 2006/1030, was properly described as 'a proceeding', within the meaning of CPR 25.12, and the applicants' application to set aside that order, which was to be heard at the November hearing, was part and parcel of the proceeding or claim that had been commenced by the respondent for the recognition order. An order for security for costs was granted in the sum of £1m.

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