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United Kingdom
security for costs
Golden Grove Estates v Chancerygate Asset Management
[2007] EWHC 968 (Ch)
Key Principle
Where a claimant company (here a BVI company) fails fully and frankly to disclose its assets, their location and its liabilities, the court may infer that there is reason to believe it would be unable to pay a costs order and order security for costs under CPR 25.13(2)(c).
Area of Law
General
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