Main Details: Registry number App_47922/2024 Date 6 September, 2024 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 Back to Decisions and Orders
Main Details: Registry number App_47922/2024 Date 6 September, 2024 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 Back to Decisions and Orders