Shulman v Kolomoisky & Anor [2020] EWHC B29 (Costs) (2 April 2020)

Shulman v Kolomoisky & Anor [2020] EWHC B29 (Costs) (2 April 2020)

The reasonable hourly rates for the second defendant's solicitors should reflect the significant value of the case but not exceed what is justified by its complexity and nature; City rates are appropriate for City work, but the case was not so unusual as to justify the exceptionally high rates claimed. Therefore, rates of £750 (Grade A), £400 (Grade C), and £200 (Grade D) are allowed, with £550 for a Senior Associate and £325 for a barrister with two years' call.

Citation
[2020] EWHC B29 (Costs)
Parties
Claimant: Vadim Maratovich Shulman; First Defendant: Igor Valeryevich Kolomoisky; Second Defendant: Gennadiy Borisovich Bogolyubov
Jurisdiction
England and Wales
Judgment Date
02 April 2020
Procedural Posture
Detailed Assessment of Costs / Judgment on Hourly Rates for Second Defendant's Solicitors
Outcome
Partially allowed
Legal Topics
Guideline Hourly Rates, Detailed Assessment, Reasonableness of Costs, CPR 44.4(3), City Solicitors' Rates
Civil Procedure Costs Guideline Hourly Rates Detailed Assessment Reasonableness of Costs CPR 44.4(3) City Solicitors' Rates

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 3 Authorities cited 4 Party arguments 2 Amounts and remedies 6
Sign in to unlock

Parties

Vadim Maratovich Shulman

Claimant

Igor Valeryevich Kolomoisky

First Defendant

Gennadiy Borisovich Bogolyubov

Second Defendant

Procedural Posture

Detailed Assessment of Costs / Judgment on Hourly Rates for Second Defendant's Solicitors

Legal Issues

  1. 1 What are the reasonable hourly rates to be allowed for the second defendant's solicitors?
  2. 2 Should City rates apply to Canary Wharf solicitors?
  3. 3 Does the nature and value of the case justify higher rates?

Ratio Decidendi

The reasonable hourly rates for the second defendant's solicitors should reflect the significant value of the case but not exceed what is justified by its complexity and nature; City rates are appropriate for City work, but the case was not so unusual as to justify the exceptionally high rates claimed. Therefore, rates of £750 (Grade A), £400 (Grade C), and £200 (Grade D) are allowed, with £550 for a Senior Associate and £325 for a barrister with two years' call.

Court Disposition

Partially allowed

Orders

  • Hourly rates for the second defendant's solicitors allowed at £750 (Grade A), £400 (Grade C), £200 (Grade D), £550 for Senior Associate, and £325 for barrister with two years' call.
  • Where lower rates are claimed, those lower rates apply.