Palmali Shipping SA v Litasco SA

Costs – Security for costs. The claimant, Palmali Shipping SA, was ordered to provide further security for costs in respect of its claim against Litasco SA, by payment into court, or by undertaking from the claimant's solicitors, in terms materially similar to an undertaking previously given, in the total sum of £900,000, in three equal tranches. The Commercial Court so ruled on the defendant's application for security for costs.

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