The defendants brought a motion for security for costs, primarily based on two unpaid costs awards totaling $125,000.
The court applied Rule 56.01 of the Rules of Civil Procedure and the holistic "justness" principle from Yaiguaje v. Chevron Corporation.
The court found the defendants satisfied the initial onus due to the unpaid costs.
The plaintiff failed to demonstrate that an order for security would be unjust, particularly regarding impecuniosity, the merits of its claim, and its dilatory conduct in litigation.
The court granted the motion, ordering the plaintiff to post $150,000 security for costs, with a provision to reduce the amount to $20,000 if the outstanding costs awards plus accrued interest were paid within 60 days of the motion hearing.