Sam McCarthy (led by Dominic O’Sullivan KC) represented the sixth defendant, instructed by Hall & Wilcox.
This case concerned the defendants’ applications for security for costs. It was held that there was reason to believe that the corporate plaintiff would not be able to pay the defendants’ costs at some identified future point in time at which those costs would become payable. The court ordered the plaintiff to provide security for costs of the proceeding by 4pm on Friday 14 March 2025. The security for costs would be $3,460,000. The trial is scheduled to commence four weeks following this, on 22 April 2025.
The judgment can be read by clicking here