Innovare Displays Plc v Corporate Booking Services Ltd

JurisdictionEngland & Wales
Judgment Date20 February 1991
Date20 February 1991
CourtCourt of Appeal (Civil Division)

Court of Appeal

Innovare Displays plc
Corporate Booking Services Ltd

Company - costs - "sufficient security"

Sufficient security

"Sufficient security" for costs in section 726(1) of the Companies Act 1985 did not mean complete security but security of a sufficiency in all the circumstances of the case to be just.

The Court of Appeal (Lord Justice McCowan and Lord Justice Leggatt) so held on February 18, dismissing the defendant's appeal from Sir Peter Pain who, sitting as a judge of the High Court on January 25, had ordered the plaintiff to give security for costs in the sum of £10,000.

The defendant on the appeal had sought to have the sum increased to £147,655, which it estimated would be its costs of the action.

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