Ruling of the Tribunal refusing the Micron Defendant’s application for security for costs in the amount requested of £3.9 million.
The Tribunal considered that if the Claimant could afford to provide some additional security it may be appropriate to do so. However, the considered it was not in a position to determine, on the basis of the evidence before it, whether the Claimant could afford to provide additional security and, if so, how much. The Claimant was ordered to provide further information about its financial position and the Micron Defendant may renew its application.
