CRF I Limited v Banco Nacional De Cuba & Anor

CRF I Limited v Banco Nacional De Cuba & Anor

Cuba is entitled only to costs specific to its own application on which it was successful, not to common costs shared with BNC. An interim payment of £300,000 is appropriate in the absence of a detailed breakdown. CRF’s application for immediate detailed assessment of its costs is refused as there is no good reason to depart from the general rule.

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 Ruling / Post Judgment, Costs and Interim Payment Applications
Outcome
Cuba’s application for interim payment on account of costs is granted in part; CRF’s application for immediate detailed assessment is dismissed.
Legal Topics
Costs, Jurisdiction, Assignment of Debt, Interim Payments
Civil Procedure Commercial Law Costs Jurisdiction Assignment of Debt Interim Payments

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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 Ruling / 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 its own application on which it was successful, not to common costs shared with BNC. An interim payment of £300,000 is appropriate in the absence of a detailed breakdown. CRF’s application for immediate detailed assessment of its costs is refused as there is no good reason to depart from the general rule.

Court Disposition

Cuba’s application for interim payment on account of costs is granted in part; CRF’s application for immediate detailed assessment is dismissed.

Orders

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