Security for costs: courts may require limited company plaintiffs to provide security if they appear unable to pay defendants' costs. A court or tribunal may require a limited company that is plaintiff or petitioner to give sufficient security for costs where there is reason to believe ... Summary
Security for costs: courts may require limited company plaintiffs to provide security if they appear unable to pay defendants' costs.
A court or tribunal may require a limited company that is plaintiff or petitioner to give sufficient security for costs where there is reason to believe the company will be unable to pay the defendant's costs if the defence succeeds, and may stay proceedings until the security is given.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.