Kirill Ace Stein v Eugene Jaffe

Kirill Ace Stein v Eugene Jaffe

Costs to follow the event, with a 10% reduction for trial preparation and trial stages due to defendant's unsuccessful arguments on the Trustee Act 2000; interest on costs awarded at 1% over Bank of England base rate from 13 March 2024 to date of judgment.

Parties
Claimant: Kirill Ace Stein; Defendant: Eugene Jaffe
Jurisdiction
England and Wales
Judgment Date
13 March 2026
Procedural Posture
Civil / Post Trial Costs Ruling
Outcome
Claimant to pay defendant's costs of the claim on the standard basis, subject to a 10% reduction for trial preparation and trial stages; costs of defendant's witness statement application to be paid by defendant to claimant; payment on account of costs ordered; interest on costs awarded at 1% over base rate.
Legal Topics
Costs, Breach of Trust, Interest on Costs, CPR 44.2, Trustee Act 2000
Civil Procedure Trusts Costs Breach of Trust Interest on Costs CPR 44.2 Trustee Act 2000

Case Brief

Summary, issues, holding and outcome

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Parties

Kirill Ace Stein

Claimant

Eugene Jaffe

Defendant

Procedural Posture

Civil / Post Trial Costs Ruling

Legal Issues

  1. 1 Whether costs should follow the event or be reduced based on conduct and issues raised
  2. 2 Appropriate rate and period for interest on costs

Ratio Decidendi

Costs to follow the event, with a 10% reduction for trial preparation and trial stages due to defendant's unsuccessful arguments on the Trustee Act 2000; interest on costs awarded at 1% over Bank of England base rate from 13 March 2024 to date of judgment.

Court Disposition

Claimant to pay defendant's costs of the claim on the standard basis, subject to a 10% reduction for trial preparation and trial stages; costs of defendant's witness statement application to be paid by defendant to claimant; payment on account of costs ordered; interest on costs awarded at 1% over base rate.

Orders

  • Claimant to pay defendant's costs on standard basis, assessed if not agreed, with 10% reduction for trial preparation and trial stages.
  • Defendant to pay claimant's costs of the witness statement application.