Security For Costs Malaysia
Security for costs was fixed at rm50 000 00 for each of the three defendants.
Security for costs malaysia. In other words the loser in legal proceedings must pay the legal costs of the successful party. No reason for malaysia to protect zakir naik published on april 17 2017. It is noteworthy that section 357 of the companies ordinance cap 32 provides an alternative ground for security for costs application against a limited company where there is reason to believe that the company will be unable to pay the costs of the defendant if successful in his defence.
The defendant would request security for costs where the money would be paid should the court dismiss the suit. The general rule in costs jurisdiction is that costs follow the event. Where the court does not prescribe the form time or conditions for the giving of security rule 673 2 provides that the security must be issued in a form satisfactory to the registrar of the court.
Albert lam november 2011. Security for costs is a common law legal concept of application only in costs jurisdictions and is an order sought from a court in litigation. The security for costs procedure is intended to ensure that the beneficiary of a security for costs order is not left out of pocket in the event of success on appeal.
Where a defendant has a reasonable apprehension that its legal costs will not be. But the quantum of the security was not fixed at the rm100 000 00 sum applied for by the first defendant. Evans v cleveland investment global pty ltd 2013 nswca 230 security of 15 000 ordered.
