Published in Afik News 220 21.12.2016
A group of defendants filed a counterclaim against the claimant. The claimant demanded that they deposit a security for her costs.
The Court held that when the claimant, including a counter-claimant, is a company with limited liability of the shareholders the general rule is that the company will deposit a security for costs. A company wishing to avoid this need to show, inter alia, financial robustness and liquidity. In this case this was not proven and thus the counter-claimants were order to deposit security for costs