“…The three cases relied on by the Trustees, GFN SA v Bancredit Cayman Ltd [2009] UKPC 39, [2010] Bus LR 587, AES Ust-Kamenogorsk Hydropower Plant LLP v Ust-Kamenogorsk Hydropower Plant JSC [2011] EWCA Civ 647, [2012] 1 WLR 920 and Nix v Emerdata Lt…”
“…We were referred in this context to GFN SA v Bancredit Cayman Ltd [2009] UKPC 39, [2010] Bus LR 587. The question there was whether liquidators could obtain security for costs against companies appealing against decisions on proofs of debt.…”