Merchant International Company Ltd v Natsionalna Aktsionerna Kompaniia Naftogaz Ukrainy: CA 7 Jul 2016

Application for condition to be attached to leave to appeal Naftogaz should provide security for (a) the full amount of the unpaid judgment debt plus interest down to the date fixed for the hearing of the appeal; (b) historic unpaid costs; and (c) estimated costs of the appeal, amounting in total to $28,500,000. Alternatively MIC seeks an order that Naftogaz provide security for MIC’s costs of the appeal estimated at andpound; 210,000. It is not in dispute that the conditions under which an order for security for costs may be made are met.

Christopher Clarke LJ
[2016] EWCA Civ 710
England and Wales

Litigation Practice, Costs

Updated: 19 January 2022; Ref: scu.566841