AKAI HOLDINGS LIMITED(IN LIQUIDATION) v THANAKHARN KASIKORN THAI CHAMKAT (MAHACHON)also known as KASIKORNBANK PUBLIC COMPANY LIMITED

Read the full judgment text of CACV 000177/2008 on BabelCite. This Court of Appeal judgment was delivered on 2 April 2009.

1. This is an application by the bank, the respondent to the appeal, for security for costs.  Quantum is the only issue as it is accepted that security should be furnished.  The bank seeks security of costs of $6.48 million in respect of an appeal that has been set down for five days in June 2009.  The appellant considers the amount excessive and, on 3 February 2009, offered the bank security in the sum of $2.4 million.