APL 33746/2024

The Court of Appeal dismissed ICPillar LLC's appeal against a first-instance order requiring security for costs (R. 158 RoP). The court upheld the finding that a bank guarantee from a US-licensed bank does not provide adequate security under R. 158 RoP, and that this requirement is substantively justified and does not constitute unlawful nationality discrimination. The court also confirmed its discretion to disregard late-filed evidence even absent objection from the other party (R. 222.2 RoP).