DR Analysis: The High Court has issued fines and in part awarded indemnity costs in respect of contemptuous breaches of undertakings. The court recognised the need for penalties to both punish the instant behaviour and ensure compliance with court orders. The conduct of certain defendant directors in seeking to mislead the court and the lack of apparent apprehension as to the seriousness of the conduct contributed to the court’s decision to award indemnity costs from the time of the misleading statement.
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