Andrew Jones

In the highly anticipated first appellate court decision focussing on the adequacy of ATE policies for security of costs, the Court of Appeal in Premier Motorauctions Ltd & Ors v (1) PricewaterhouseCoopers LLP (2) Lloyds Bank PLC [2017] EWCA 1872 overturned the High Court decision and held that the Claimants’ ATE policy without anti-avoidance provisions was not sufficient for the Defendants’ security of costs. The Claimants are now required to put up £4million to continue with the claim - a useful reminder that security for costs applications can be a powerful weapon for defendants in litigation.

Andrew Jones discusses this case further here.

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