|Source:||All England Reporter|
|Publisher Citation:|| All ER (D) 252 (Nov)|
|Court:||Court of Appeal, Civil Division|
Ward, Jonathan Parker and Longmore LJJ
|Representation||Harold Burnett QC (instructed by Bracher Rawlins) for the appellant.|
|Roger ter Haar QC and Stuart Catchpole (instructed by Davies Arnold Cooper) for the respondent.|
|Judgment Dates:||16 November 2001|
Costs - Security for costs - Company - Limited company as claimant - Company likely to be unable to pay costs of defendant if successful in his defence - Company offering security by way of second charge on property - Company further offering to pay money into court on receipt of irrevocable letters of credit - Company having other creditors - Judge deciding neither offer satisfying order for security for costs - Whether judge correct.