Read the full judgment text of on BabelCite. was delivered on 9 December 1997.
1. On 10th September, I ordered the Plaintiff to provide further security for the Defendants' costs in the sum of $1.1m. I directed that it be provided within 28 days, and I ordered that the action be stayed in the meantime. The security was not provided, and on 24th October Master Kwan ordered that unless the security was provided within 7 days the Plaintiff's action would be dismissed. The security was still not provided, and on 14th November the Plaintiff's action against the Defendants was d