In a complex family business dispute, the respondents moved to lift the automatic stay of substantial money judgments pending appeal, or alternatively for interim costs or security for costs.
The appellants brought a cross-motion to stay certain mandatory tracing orders pending appeal.
The Court of Appeal dismissed both motions.
The court found the appeals were not devoid of merit and the respondents failed to establish sufficient hardship or risk of asset dissipation to justify lifting the stay.
The court also found the appellants failed to demonstrate irreparable harm to justify staying the mandatory tracing orders.
