The court will expect a claimant to consider raising money from other sources to provide the security if ordered the claimant will need to provide evidence of the steps it has taken to raise funds and that if it has been unable to do so the claim will be stifled if an order is made simply saying it cannot raise the funds will not suffice the court can if it considers the claim could be stifled order a smaller sum to be secured than it would otherwise have done. Buy security for costs and other court ordered security by perkoff richard freedman clive bartle philip lacy brian neaman sam solomon adam perkoff elliot online on amazonae at best prices fast and free shipping free returns cash on delivery available on eligible purchase. 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 general rule in costs jurisdiction is that costs follow the event in other words the loser in legal proceedings must pay the legal costs of the successful party. Legislationsection 13 of the companies act 61 of 1973 the old act empowered a court to order a plaintiff company to lodge sufficient security for a defendants costs when the court had reason to believe that a plaintiff company would be unable to meet an adverse costs order section 13 of the old act vested in the court the discretion to stay the litigation until a plaintiff company furnished security for a defendants costs the old act was repealed by the new act and in doing so deleted
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