JSC VTB Bank (a company incorporated in Russia) v Skurikhin and others

Costs – Security for costs. The claimant company's application for security for costs in respect of an application by the fourth defendant company (Berenger) failed. Berenger had applied to discharge an order appointing receivers over the second defendant company. While there had been delay on the part of Berenger, that delay had not enabled the claimant to demonstrate abuse by Berenger in the sense of lack of will to litigate in accordance with the overriding objective.

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