Landmark Cross-Border Insolvency Case Sees Court Vary Summons and Order Trustees to Pay Security for Costs

Trevor Withane of Ironbridge Legal reviews what appears to be the first instance of security for costs being ordered by an Australian court to be paid by an overseas bankruptcy trustee in respect of orders for production, noting that by addressing both substantial compliance costs and the financial risks posed by overseas trustees, the court safeguarded the interests of all parties involved.

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