HT-2022-000132 - [2025] EWHC 1522 (TCC)

This judgment is primarily concerned with two issues arising in connection with applications for security for costs by the Defendant and Interested Parties to these proceedings. The first issue, as far as I am aware an entirely novel point, is whether the court has the power to award security for costs in favour of an interested party joined to the proceedings in that capacity. The second issue (which arises on both applications), is whether a parent company with limited assets may rely upon evidence of its control over a wholly owned subsidiary with substantial assets in order to avoid a determination that an order for security for costs should be made against it.