Peak Hotels and Resorts Ltd v Tarek Investments Ltd and others

Costs – Security for costs. The claimant and first defendant were companies having shares in the same joint venture company. A number of disputes arose and the claimant issued proceedings. Both parties made applications for security for costs. The Chancery Division held that, on the evidence, the conditions were met for security for costs to be granted against the claimant, but not against the first defendant.

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