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Practice

18 March 2016
Issue: 7691 / Categories: Case law , Law digest , In Court
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Sarpd Oil International Ltd v Addax Energy SA and another [2016] EWCA Civ 120, [2016] All ER (D) 56 (Mar)

The Court of Appeal allowed an appeal against the judge’s refusal to make an order for security for costs. The judge had erred in finding that there was no reason to believe that the claimant would be unable to pay if it lost. If there was a practice of the Commercial Court that security for costs would often be granted against a foreign company who was not obliged to publish accounts, had no discernible assets and declined to reveal anything about its financial position, that practice was a sound one. The court gave guidance on the approach to be taken in such applications, in particular in CPR Pt 20 proceedings and where there was an agreed, and court approved, costs budget regarding costs already incurred.

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MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

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