Zhong v Financial Markets Authority

[2023] NZCA 489

IN THE COURT OF APPEAL OF NEW ZEALAND

I TE KŌTI PĪRA O AOTEAROA

 CA234/2023
 [2023] NZCA 489

BETWEEN	WEI (WALKER) ZHONG AND LEI (REGINA) DING Appellants
AND	FINANCIAL MARKETS AUTHORITY Respondent

Counsel:	Appellants in person N R Williams for Respondent
Judgment: (On the papers)	6 October 2023 at 11.00 am

JUDGMENT OF MILLER J
(Review of Registrar’s Decision)

AThe application for review is declined. 

BSecurity must be paid by 27 October 2023.

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REASONS

1. This judgment responds to an application to review a Registrar’s decision to decline to waive security for costs.

2. I agree with the Registrar that the appellants have not shown they cannot afford to pay security from all sources available to them, including assets in China, where they live.  There is no public interest or other reason to justify depriving the respondent of security for costs.

1. The application for review is declined.  Security must be paid by 27 October 2023. 

Solicitors:
Meredith Connell, Auckland for Respondent