In the matter of Asia Cement v Tianrui (International) - Judgment on security for cost application

Application for security for costs – exercise of the Court’s inherent jurisdiction in respect of foreign companies who have presented a winding up petition – establishing reason to believe that the petitioner’s assets will be insufficient to pay the respondent’s costs – inferring a real risk of and reasons to believe insufficiency of assets where the petitioner fails to provide or only provides limited information as to its financial position. Insolvency and Restructuring; Civil Procedure; Company Law; Costs