Interest, Indemnity Costs and Interim Payments in a Mega-Litigation Assessment — Deutsche Bank v Sebastian Holdings
Detailed Assessment — 2020-03-05
The judgment primarily addressed three preliminary issues concerning the Claimant's bill of costs: the rate and period of interest on costs, the scope of the costs order, and the appropriate exchange rate for sums claimed in foreign currency. The court upheld the Judgments Act rate of 8% interest on costs, subject to certain deductions due to delays.
Summary
The judgment primarily addressed three preliminary issues concerning the Claimant's bill of costs: the rate and period of interest on costs, the scope of the costs order, and the appropriate exchange rate for sums claimed in foreign currency. The court upheld the Judgments Act rate of 8% interest on costs, subject to certain deductions due to delays.
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This case summary is part of the Mackenzie Costs case law library, providing expert analysis of significant costs law decisions for legal professionals. Each article examines the key issues, judicial reasoning, and practical implications for costs practitioners.
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