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Main Details:

Registry number
App_47922/2024
Date
Parties
Aarke AB
Order/Decision reference
ORD_48181/2024
Type of action
Application Rop 333
Language of Proceedings
English
Court - Division
Court of First Instance - Düsseldorf (DE) Local Division

English Headnotes:

Factors to be considered when ordering a security order include the financial position of the other party that may give rise to a legitimate and real concern that a possible cost order might not be recoverable and/or the likelihood that a possible cost order by the UPC may not, or in an unduly burdensome way, be enforceable. Imposing a security for legal costs serves to protect the position and (potential) rights of the Defendant.

English Keywords:

panel review, Security for costs, burden of presentation, likelihood of unenforcebility, dismissal of a request, financial risk