11 Dec 2023
GHAZI FAIDI v. QANTEX CAPITAL MARKETS LTD AND OTHERS
- Citation
- [2023] HKCFI 3196
- Court
- Court of First Instance
- Case number
- HCA272/2018
The court found the plaintiff had done better than his sanctioned offer because the judgment plus pre-judgment interest exceeded the offer and the defendants failed to produce evidence of value of the Shares; accordingly, under Order 22 r.24 RHC the court must impose enhanced interest and indemnity costs unless unjust, and no circumstances warranted treating the case as unjust; the court varied the prior orders to award enhanced interest at 5% above judgment rate from 19 December 2020 to judgment, interest on costs at half that rate for the same period, party-to-party costs to 18 December 202…