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High Court refuses an application for security for costs against the Plaintiff, a company providing trade finance facilities, in a case involving alleged unlawful disclosure of confidential documents. The Defendants, a UK-based company and its former managing director, failed to establish a prima facie defense and could not demonstrate a real risk that the Plaintiff would be unable to pay costs if the claim was successfully defended. The court found the Plaintiff to be in robust financial health, with significant assets to meet a potential award of costs.
Security for costs, confidential documents, prima facie defense, financial health, trade finance facilities, unlawful disclosure, non-disclosure agreement, breach of contract, Protected Disclosures Act 2014, impecuniosity, High Court, proprietary documentation, whistle-blower, conspiracy, tort, audited accounts, net assets, cash reserves, enforcement of costs.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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