Summary

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Case Report (free download)

Case Report by Andreas D. Desyllas, Editor Ignacio Torterola

Summary

The High Court of Justice ("the Court") partially approved Defendant's application for an order for indemnity costs. Based on the out of the norm concept, the Court ordered Claimants to pay Defendant's costs of £1,300,000.00 on account. Such costs were estimated regarding judicial proceedings, which took place between July 1, 2015 and February 26, 2018. The Court indicated that those costs should be assessed on the standard basis, save that Defendant's costs incurred after July 19, 2017, which should be assessed on the indemnity basis.

Main issues

Indemnity costs; out of the norm concept; payment on account; discontinuance of proceedings; forum shopping.

Stati and Ors v The Republic of Kazakhstan 2019 EWHC 1715 Comm - 02 July 2019

Case report provided by International Arbitration Case Law (IACL)

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