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High Court refuses to award costs to directors of company who had successfully defended an application by its liquidator for an order seeking that they be restricted, on the grounds that the application had been brought in a fair and reasonably manner and that such applications were in the public interest.
Supplemental judgment - prior decision to dismiss application to restrict directors under s 150, Companies Act 1990 - application by directors for costs - discretion of court - O.99 r.1 (4) - normal rule not applicable in relation to "costs following the event" - purpose of jurisdiction to make restriction orders - public interest in bringing such applications - inquiry as to whether directors acted honestly and responsibly.
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