n Without Prejudice - Thwarted by security considerations : litigation

Volume 8, Issue 5
  • ISSN : 1681-178X



An award for security for costs is one aimed at balancing the possible prejudice a litigant may suffer when action is instituted against it by a plaintiff company that may be unable to pay costs awarded against it. s13 of the Companies Act, 61 of 1973 makes provision for an award for security for costs as follows:

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