Case Review: Security for Costs in Insolvency and Interlocutory Proceedings
Matthew Crawford and Rebecca Collins discuss a Privy Council decision that was delivered on 4 November 2009 involving GFN SA and Ors v The Liquidators of Bancredit Cayman Limited (in Official Liquidation). The decision reconsidered the question as to whether or not security for costs can be granted in relation to interlocutory applications.
Please see the attached article for further information. It was first published in Volume 7, Issue 1 of International Corporate Rescue.