Guernsey Judgment 9/2011 - Mitco Realty and Develica Deutschland Ltd

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Royal Court Civil Rules, 2007 - application by Mitco for security for costs, under Rule 82, in respect of counterclaim brought by Develica - relevance of Solvency Certificate under s.304 of the Companies (Guernsey) Law, 2008 - held that the Court has discretion whether to order a defendant to provide security for the cost of defending a counterclaim - application dismissed.