Phaestos Ltd & Anor v Ho (Costs)
The claimants are not entitled to indemnity costs as the circumstances are not out of the norm; costs are awarded on a standard basis. The claimants' costs bill is too large and lacking detail for summary assessment, so an interim payment is ordered. Defendants' costs for strike-out and security for costs applications are reduced by 10% and 30% respectively for fairness and proportionality.
- Parties
- Claimant: Phaestos Limited; Claimant: Mindimaxnox LLP; Defendant: Peter Ho; Defendant: IKOS CIF Limited; Defendant: Tobin Maxwell Gover
- Jurisdiction
- England and Wales
- Judgment Date
- 22 March 2012
- Procedural Posture
- Civil / Costs Judgment Following Summary Judgment and Strike Out Applications
- Outcome
- Costs awarded on a standard basis; summary assessment refused for claimants; summary assessment granted for defendants with reductions.
- Legal Topics
- Costs, Summary Judgment, Strike Out, Indemnity Costs, Standard Costs, Detailed Assessment
Case Brief
Summary, issues, holding and outcome
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Parties
Phaestos Limited
Claimant
Mindimaxnox LLP
Claimant
Peter Ho
Defendant
IKOS CIF Limited
Defendant
Tobin Maxwell Gover
Defendant
Procedural Posture
Civil / Costs Judgment Following Summary Judgment and Strike Out Applications
Legal Issues
- 1 Whether claimants are entitled to indemnity costs for summary judgment and strike-out applications
- 2 Appropriateness of summary assessment of costs
- 3 Reduction of defendants' costs for strike-out and security for costs applications
Ratio Decidendi
The claimants are not entitled to indemnity costs as the circumstances are not out of the norm; costs are awarded on a standard basis. The claimants' costs bill is too large and lacking detail for summary assessment, so an interim payment is ordered. Defendants' costs for strike-out and security for costs applications are reduced by 10% and 30% respectively for fairness and proportionality.
Court Disposition
Costs awarded on a standard basis; summary assessment refused for claimants; summary assessment granted for defendants with reductions.
Orders
- Claimants awarded interim payment of £40,000 payable within 14 days, subject to detailed assessment.
- Defendants awarded £61,600 for strike-out application costs, payable within 14 days.
Full Case Text
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