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Court of Appeal allows appeal and overturns a decision of the High Court that the plaintiff provide security for the costs of the defendants in the amount of €220,000, and a stay on the proceedings until the security for the costs awarded had been provided, on the grounds that the trial judge erred in law in holding that the defendant had established a prima facie defence to its claim.
Costello J (nem diss): Security for costs - appeal of a decision of the High Court that the plaintiff provide security for the costs of the defendants in the amount of €220,000, and a stay on the proceedings until the security for the costs awarded had been provided - Order 29, rule 1 of the Rules of the Superior Courts - section 52 of the Companies Act 2014 - whether the defendant had a prima facie defence - prima facie defence must be established by the pleadings - appeal allowed.
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