11 Dec 2023
GHAZI FAIDI v. QANTEX CAPITAL MARKETS LTD
- Citation
- [2023] HKCFI 3196
- Court
- Court of First Instance
- Case number
- HCA486/2018
The plaintiff had done better than his sanctioned offer as the judgment yielded the offered principal sum plus pre-judgment interest; no evidence was adduced by defendants to show contrary (notably no evidence of share value); accordingly the court exercised its mandatory power under Order 22 r.24 to grant enhanced interest and indemnity costs subject to proportionality and fairness and ordered enhanced interest at 5% above judgment rate from 19 December 2020 to judgment, interest on costs at half that rate (2.5%) from 19 December 2020, judgment rate post-judgment, and indemnity taxation for…