The respondent sued the applicant in a Civil Case No. 45 of
2014. Subsequently the applicant filed the present application for security of
costs. It is undisputed that the joint liquidators and the respondent are not
residents of Tanzania. The liquidators reside in Kuala Lumpur, Malaysia and the
respondent is a company with its head office in Malaysia. None of them has
signed any pleading or affidavit in the case. The 1st respondent has
no immovable property in Tanzania. In the main suit the dispute relates to the
transfer of VIP Engineering’s 30% share in applicant’s share capital, which the
1st respondent challenges was done in breach of the Company’s
articles of association. This means, according to Counsel, the 1st
respondent has sufficient interest in the immovable property owned by the
applicant thus no need for deposit for security costs.