[2014] NZEmpC 211 Pyne Gould Corp Ltd v West [pdf, 94 KB]
...reason to believe the company will be unable to pay Mr West costs if PGC is unsuccessful in the proceeding. c) It is just in all the circumstances to order security for costs. [5] In his supporting affidavit of 9 October 2014 Mr West deposes: 10.1 PGC has sold all its NZ based assets and therefore will have no cash in New Zealand. 10.2 PGC’s remaining material assets comprise ownership and shares in offshore entities Torchlight and EPIC. 10.3 There are now a significant num...