Sarpd Oil International Limited v Addax Energy SA & Another  EWCA 120
David Lewis QC and Oliver Caplin acted for the successful Appellant in an appeal from the decision of Andrew Smith J, who had originally refused to grant the application of Addax Energy SA (“Addax”) for security for its, and a third party defendant’s, costs of just under £900,000.
In setting aside the first instance decision, the Court of Appeal provided guidance on two important points of principle regarding applications for security for costs, and one relating to the operation of the post-Jackson costs budgeting regime. In this briefing, David Lewis QC and Oliver Caplin analyse the background and the impact of the decision.
Read the full article here.