QFC 0071/2023 on 1 September 2024

Amberberg Limited vs Prime Financial Solutions LLC and others

This case involved the striking out the Claimant's claims against the Defendants due to the Claimant's failure to comply with an order to provide security for the Defendants' costs, and joined the Claimant's sole shareholder as a party liable for the Defendants' costs.

Background

This was an application by the Defendants for the striking out of the Claimant's claims against them due to the Claimant's failure to comply with the Court's Order dated 28 May 2024, compelling it to provide security for the Defendants' costs in the main proceedings of GBP 144,000 by way of a payment into Court .

Paragraph 2 of the Security Order further provided that, "the sum in (1) is to be paid by way of three staged payments on dates and amounts to be agreed within 14 days of this Judgment or, failing agreement, by the Registrar." The procedural background of the matter and the reasons for granting the Security Order appeared from the judgment in the security for costs application (the 'Security Judgment'; [2024] QIC (F) 23).