Application for security for costs
Application for security for costs
Ms Lawrence seeks security for her costs in the sum of £300,000 and security for the costs of Setfords in the sum of £500,000 on the grounds that there is reason to believe that HNW will be unable to pay these costs if ordered to do so.
Given my conclusion that the Defence and Counterclaim are to be struck out, it would not be appropriate to order security for costs. Had it been otherwise appropriate to order security, Ms Lawrence would have needed to provide a detailed breakdown of her anticipated costs rather than simply asserting that her estimated costs will amount to £300,000. The basis for the claim for security in respect of Setfords’ costs is unexplained.
- Heading
- Introduction
- The Procedural Background
- The Facts
- The Loan Agreement
- ENFORCEMENT OF SECURITY
- GENERAL Section 8
- The Charge
- HNW’s Application
- Application to strike out the Defence and Counterclaim
- “Not bound by the Loan Agreement”
- Duress/Undue influence
- Fraudulent/negligent misrepresentations
- Other allegations
- Conclusion on HNW’s strike out/summary judgment application
- Ms Lawrence‘s Application
- Application for security for costs
- Application for disclosure
- Conclusions
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