20 Jan 2023
FONG CHOK FUNG AND ANOTHER v. WAYTEX PLASTIC MANUFACTURING LTD AND ANOTHER
- Citation
- [2023] HKCFI 204
- Court
- Court of First Instance
- Case number
- HCA1950/2017
The sanctioned offers engaged Order 22 rule 24; it was not unjust to award elevated interest and indemnity costs because the offers were genuine, substantially below the Judgment Sums and defendants were positioned to assess them; uplift must be proportionate. Applying those principles the court awarded interest on the Judgment Sums from accrual to 23 May 2022 at 1% over HSBC best lending rates, from 24 May 2022 to judgment at 2% above the judgment rate (post‑judgment at the judgment rate), indemnity costs from 24 May 2022, and interest on costs from 24 May 2022 to judgment at 5%; costs of th…