The appellant, Mark Waters, appealed a Master's decision ordering him to pay $25,000 as security for costs.
Waters, a former CFO, sued his lawyers, Richard Furlong and Furlong Collins, for negligent advice regarding the tax implications of a severance agreement.
After commencing the action, Waters moved to Nova Scotia, prompting the respondents to seek security for costs under Rule 56.01(1)(a).
The Master granted the order, finding Waters had not provided robust evidence of easily realizable assets in a reciprocating jurisdiction.
On appeal, Waters argued the Master erred in assessing his assets and the merits of the case.
The court dismissed the appeal, affirming the Master's exercise of discretion, finding no palpable and overriding error in the assessment of Waters' evidence regarding assets or the preliminary assessment of the case's merits.