Shell International Trading & Shipping Company Ltd & Ors v Tikhonov & Ors [2010] EWHC 1770 (QB) (16 July 2010)

Shell International Trading & Shipping Company Ltd & Ors v Tikhonov & Ors [2010] EWHC 1770 (QB) (16 July 2010)

Compound interest awarded at 4.5% per annum with monthly or yearly rests; indemnity costs ordered due to dishonest defences; permission to appeal and stay pending appeal refused as grounds lack merit and claimants can repay any sums if required.

Source-derived case information.

Citation
[2010] EWHC 1770 (QB)
Parties
Claimant: Shell International Trading & Shipping Company Limited; Claimant: Shell Trading International Limited; Claimant: Shell Trading Russia BV; Defendant: Evegny Tikhonov; Defendant: T Capital Limited; Defendant: T Capital Management Limited
Jurisdiction
England and Wales
Judgment Date
16 July 2010
Procedural Posture
Commercial / Post Judgment Orders
Outcome
Orders made for compound interest, indemnity costs, and disclosure of hearsay statements; permission to appeal and stay pending appeal refused.
Legal Topics
Compound Interest, Indemnity Costs, Hearsay Evidence, Permission to Appeal, Stay Pending Appeal
Commercial Law Employment Law Compound Interest Indemnity Costs Hearsay Evidence Permission to Appeal Stay Pending Appeal

Source-derived case record

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 1 Party arguments 2 Amounts and remedies 1
Sign in to unlock

Parties

Shell International Trading & Shipping Company Limited

Claimant

Shell Trading International Limited

Claimant

Shell Trading Russia BV

Claimant

Evegny Tikhonov

Defendant

T Capital Limited

Defendant

T Capital Management Limited

Defendant

Procedural Posture

Commercial / Post Judgment Orders

Legal Issues

  1. 1 Appropriate rate and calculation of compound interest
  2. 2 Entitlement to indemnity costs
  3. 3 Disclosure of hearsay statements

Ratio Decidendi

Compound interest awarded at 4.5% per annum with monthly or yearly rests; indemnity costs ordered due to dishonest defences; permission to appeal and stay pending appeal refused as grounds lack merit and claimants can repay any sums if required.

Court Disposition

Orders made for compound interest, indemnity costs, and disclosure of hearsay statements; permission to appeal and stay pending appeal refused.

Orders

  • Compound interest at 4.5% per annum with monthly or yearly rests from dates of receipt to 23 June 2010.
  • Indemnity costs ordered; payment on account of £750,000.