The defendants in this anti-competition and breach of contract case sought security for costs against the claimant.
The claimant agreed with D4-D8 to provide security for 65% of their incurred and anticipated costs. However, D4-D8 sought security at a higher level than this based upon a potential award of indemnity costs given the “wide ranging and serious allegations of impropriety, which may include deceit”.
The defendants’ case was based largely on the decisions in Danilina v Chernukhin  EWHC 2503 (Comm) (which we reported on here) and Re Ingenious Litigation  EWHC 235 (Ch). In both cases the court awarded security at 75%.