1 Mar 2021
BANK OF INDIA v. GIMAJASA LTD AND OTHERS
- Citation
- [2021] HKCFI 521
- Court
- Court of First Instance
- Case number
- HCA1956/2017
Plaintiff must pay costs on party-and-party basis to 17 October 2018 and on indemnity basis from 18 October 2018 to date of judgment because the 4th defendant made a sanctioned payment that plaintiff unreasonably refused to accept; enhanced interest at 8% p.a. on recoverable costs from 18 October 2018 to date of payment is justified by plaintiff's withholding of crucial evidence, refusal to mediate and unreasonable continuation of the claim, but reduced from a notional 15% to 8% to reflect that the bulk of costs were not incurred at the outset.