9 Sept 2004
PPCS LIMITED V RICHMOND LIMITED And Anor CA CA253/02
- Citation
- openlaw-a4cb1a42_0764_4867_ae0c_6287d0a9c59f.pdf
- Court
- Court of Appeal
Because the Bell group upheld the substantial forfeiture order, the appeal involved novel and significant questions about the High Court's s32 powers, the litigation served the public interest in enforcing the Securities Markets Act, and PPCS's misconduct was serious and made litigation onerous, the Court exercised its discretion to award substantial appellate costs: $100,000 plus reasonable disbursements, rather than the ordinary $6,000 per day scale or the $335,000 claimed.