Abbotswood Shipping Corporation v Air Pacific Limited [2019]

Abbotswood Shipping Corporation v Air Pacific Limited [2019] EWHC 1641 (Comm) — 28 June 2019 (Mr Adrian Beltrami QC)

“The High Court decided a Defendant's application that the Liberian corporate Claimant secure its costs in a dispute relating to return of aircraft lease deposits. There was no information whatsoever on the Claimant's financial position (either publicly available or volunteered) and the Defendant had therefore satisfied the test of showing reason to believe that the Claimant would be unable to meet a costs award. However, as the claim and cross-claim were essentially two sides of the same coin (such that the costs incurred in defending the claim would be the same as those incurred in prosecuting the cross-claim) the Court considered it not just to make the order requested.”

Angeliki Georgouli
E. G. Arghyrakis & Co.
03rd July 2019