Innovare Displays Plc v Corporate Booking Services Ltd
Jurisdiction | England & Wales |
Judgment Date | 20 February 1991 |
Date | 20 February 1991 |
Court | Court of Appeal (Civil Division) |
Court of Appeal
Company - costs - "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.
To continue reading
Request your trial-
Lismore Homes Ltd v Bank of Ireland Finance Ltd (No. 3)
...(CONSOLIDATED) ACT 1908 S278 THALLE V SOARES 1957 IR 182 COMPANIES ACT 1985 S726 (UK) INNOVARE DISPLAYS V CORPORATE BROKING SERVICES 1991 BCC 174 ROBURN CONSTRUCTION V IRWIN 1991 BCC 726 UNISOFT GROUP LTD (NO 2) 1993 BCLC 532 KEARY DEVELOPMENTS LTD V TARMAC GROUP LTD 1995 2 BCLC 400 COMPAN......
-
Teisha Combes v Russell Investments Ltd t/a Pier 1
...face of it, does not raise or is likely to raise any novel questions of law. 85 In Innovare Displays plc v Corporate Broking Services Ltd [1991] BCC 174, it was highlighted that the difficulties faced by the Claimant in providing security may be considered by the court. In the instant case,......
-
Ahmad Hamad Algosaibi and Brothers Company (‘AHAB’) Plaintiff v Saad Investments Company Ltd (‘SICL’) Maanal-Sanea Awal Finance Company Ltd ((in Liquidation) (‘AWALCO’) and various other defendant companies ((in Liquidation)) Defendants
...64 and 65 above and as shown in the Combined Schedules. 19 Per McCowan LJ in Innovare Displays plc v Corporate Broking Services [1991] BCC 174, in deciding on an application for security for costs under section 726 (s) of the U.K. Companies Act 1985; followed and applied by Dillon LJ in Rob......
-
Ahmad Hamad Algosaibi and Brothers Company v Saad Investments Company Ltd, Maan Al-sanea, Awal Finance Company Ltd and Others
...[1975] A.C. 295; [1974] 3 W.L.R. 104; [1974] 2 All E.R. 1128, considered. (12) Innovare Displays plc v. Corporate Broking Servs. Ltd., [1991] BCC 174, referred to. (13) Keary Devs. Ltd. v. Tarmac Constr. Ltd., [1995] 3 All E.R. 534; [1995] 2 BCLC 395; (1994), 73 B.L.R. 115, followed. (14) K......