“Unnamed party” funding Tongasat unlikely to pay costs if it loses appeal, Lord Chief Justice says; orders security deposit

An unnamed party was standing behind Tongasat and funding its appeal against a ruling that the transfer of nearly US$50 million to the company was illegal, the Supreme Court has been told. Lord Chief Justice Paulsen said he inferred this from the evidence placed before him and was one of the factors in ordering Tongasat … Continue reading “Unnamed party” funding Tongasat unlikely to pay costs if it loses appeal, Lord Chief Justice says; orders security deposit