CRF I Ltd v Banco Nacional de Cuba & Anor [2025] EWHC 2786 (Comm) (28 October 2025)

CRF I Ltd v Banco Nacional de Cuba & Anor [2025] EWHC 2786 (Comm) (28 October 2025)

Cuba is entitled only to costs specific to issues it raised and succeeded on, not overlapping issues with BNC. An interim payment of £300,000 is appropriate in the absence of a precise breakdown. CRF's application for immediate detailed assessment is refused as there is no good reason to depart from the general rule.

Citation
[2025] EWHC 2786 (Comm)
Parties
Claimant: CRF I Limited; First Defendant: Banco Nacional de Cuba; Second Defendant: The Republic of Cuba
Jurisdiction
England and Wales
Judgment Date
28 October 2025
Procedural Posture
Commercial Court Costs Determination / Post Judgment, Costs and Interim Payment Applications
Outcome
Cuba's application for interim payment granted in part; CRF to pay £300,000 to Cuba. CRF's application for immediate detailed assessment of costs dismissed.
Legal Topics
Costs, Jurisdiction, Assignment of Debt, Interim Payments
Civil Procedure Commercial Law Costs Jurisdiction Assignment of Debt Interim Payments

Case Brief

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Parties

CRF I Limited

Claimant

Banco Nacional de Cuba

First Defendant

The Republic of Cuba

Second Defendant

Procedural Posture

Commercial Court Costs Determination / Post Judgment, Costs and Interim Payment Applications

Legal Issues

  1. 1 Entitlement to costs following jurisdiction challenge
  2. 2 Scope of issues specific to Cuba's application for costs
  3. 3 Appropriate interim payment on account of costs

Ratio Decidendi

Cuba is entitled only to costs specific to issues it raised and succeeded on, not overlapping issues with BNC. An interim payment of £300,000 is appropriate in the absence of a precise breakdown. CRF's application for immediate detailed assessment is refused as there is no good reason to depart from the general rule.

Court Disposition

Cuba's application for interim payment granted in part; CRF to pay £300,000 to Cuba. CRF's application for immediate detailed assessment of costs dismissed.

Orders

  • CRF to pay The Republic of Cuba £300,000 as interim payment on account of costs within 21 days.
  • CRF's application for immediate detailed assessment of its costs against BNC is dismissed.