“The Appellant seeks stay of the execution of the Order pending outcome of the appeal. It is submitted that the Appellant has a real prospect of success in this appeal and it is pivotal to impose a stay on the execution of the order pending the determination of the appeal, as the outcome of the appeal is likely to have a material impact on both the judgment and the quantum of the judgment sum. The enforcement of the order being appealed pending outcome of the appeal would risk depriving the appeal of its practical effect. The appellant would be compelled to comply with the court order which is subject to challenge. It is submitted that a stay is required to preserve the status quo and to ensure that the appeal is not rendered nugatory. In considering the balance of justice the court is invited to weigh the respective risks of injustice to the parties. It is submitted that the Respondent faces no substantial or identifiable prejudice that cannot be adequately compensated, whether by way of interest or otherwise, in the event that a stay is granted. By contrast, there is a risk of irremediable harm to the Appellant if a stay is refused. In all the circumstances, the balance of convenience plainly favours the grant of a stay. The potential injustice to the Appellant in refusing a stay outweighs any prejudice that may be occasioned to the Respondent by its grant.”
“… These … are too general to enable me to understand why a stay would prejudice the appellant. It is said that unless a stay is granted the appeal would lose all ‘practical effect’. It is not explained why this is so. Equally, it is asserted that the respondent will not be prejudiced by a stay. There is an inevitable prejudice in keeping the respondent from the judgment they are entitled to; and the assertion of no prejudice is again not explained.”
“[An Applicant] … which seeks to stay orders obtained after a lengthy and fair hearing must produce cogent evidence that there is a real risk of injustice if enforcement is allowed to take place pending appeal.”