Security for costs order inappropriate where proceedings are a matter of public interest

Application for security for costs - legal costs - substantive proceedings alleging acts of negligence and misfeasance - alleged 'black-listing' by respondent resulting in a loss of reputation and consequent financial losses - summary of proceedings to date - likely breakdown of costs - 20 days at trial anticipated - applicable law - statutory framework - case law to be applied - principles and practices to be summarised and applied - prima facie defence - requirement for insolvency or an inability to pay defendant's costs if successful at trial - balancing of interests - whether special circumstances exist - whether the alleged wrong engendered an inability to meet costs - delay - point of national importance and constitutional considerations - counterclaimants - quantum - amount of security - application of principles to facts of present case - company unable at present to meet such a costs order if unsuccessful - effect of making order will end proceedings for plaintiff - serious and detailed allegations of misfeasance in public office made by plaintiff - prima facie establishment by plaintiff that its inability to meet future costs order flows from defendant's alleged wrongs - adjudication of proceedings a matter of public moment and interest - some delay on part of defendant in bringing application - no order made.