Full coverage: security for costs

SJI Equities, a Belizean-owned subsidiary with a registered address in south Dublin, was allegedly set up with one asset and one purpose – to fight an epic legal battle in Norway over a €5 million investment that tanked. It lost, having racked up a seven-figure legal bill. Then a liquidator was called in.

A Court of Appeal ruling that it would be "intrinsically unfair" to expect accountancy giant PwC to bear all the risk of its €30 million legal battle with the collapsed Quinn Insurance is up for challenge.