Stein v Jaffe [2026] EWHC 559 (Ch) (13 March 2026)

Stein v Jaffe [2026] EWHC 559 (Ch) (13 March 2026)

The claimant is ordered to pay the defendant's costs of the claim on the standard basis, subject to a 10% reduction for trial preparation and trial stages due to the defendant's unsuccessful arguments on the Trustee Act 2000. Costs of the defendant's application to rely on a second witness statement are to be paid by the defendant to the claimant. Interest on costs is awarded at 1% over Bank of England base rate from 13 March 2024 to the date of judgment.

Citation
[2026] EWHC 559 (Ch)
Parties
Claimant: Kirill Ace Stein; Defendant: Eugene Jaffe
Jurisdiction
England and Wales
Judgment Date
13 March 2026
Procedural Posture
Civil / Post Trial Costs Judgment
Outcome
Claimant to pay defendant's costs of the claim on the standard basis, with a 10% reduction for trial preparation and trial stages; defendant to pay claimant's costs of the application to rely on second witness statement; interest on costs at 1% over base rate from 13 March 2024.
Legal Topics
Costs, Breach of Trust, Interest on Costs, Disclosure, Pre Action Conduct
Civil Procedure Trusts Costs Breach of Trust Interest on Costs Disclosure Pre Action Conduct

Case Brief

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Parties

Kirill Ace Stein

Claimant

Eugene Jaffe

Defendant

Procedural Posture

Civil / Post Trial Costs Judgment

Legal Issues

  1. 1 Whether the claimant should pay the defendant's costs and in what proportion
  2. 2 Whether any conduct or issues justify a departure from the general rule on costs
  3. 3 Appropriate rate and period for interest on costs

Ratio Decidendi

The claimant is ordered to pay the defendant's costs of the claim on the standard basis, subject to a 10% reduction for trial preparation and trial stages due to the defendant's unsuccessful arguments on the Trustee Act 2000. Costs of the defendant's application to rely on a second witness statement are to be paid by the defendant to the claimant. Interest on costs is awarded at 1% over Bank of England base rate from 13 March 2024 to the date of judgment.

Court Disposition

Claimant to pay defendant's costs of the claim on the standard basis, with a 10% reduction for trial preparation and trial stages; defendant to pay claimant's costs of the application to rely on second witness statement; interest on costs at 1% over base rate from 13 March 2024.

Orders

  • Claimant to pay defendant's costs of the claim on the standard basis, subject to a 10% reduction for trial preparation and trial stages.
  • Defendant to pay claimant's costs of the application to rely on second witness statement.