Costs

Does agreeing to “reasonable costs” mean assessment on the indemnity basis?

All, Business Dispute, Commercial Litigation, Costs /

Yes, held the Commercial Court. In Alafco Irish Aircraft Leasing Sixteen Ltd v Hong Kong Airlines Ltd [2019] EWHC 3668 (Comm) the parties had entered into a lease which contained a clause that the Defendant (who was the lessee) was to pay all of the Claimant’s (the lessor’s) “reasonable costs and expenses” of litigation, including its legal […]

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Case Study – how litigation funding can help a claim reach a successful conclusion

All, Costs /

Last year we were instructed by a Liquidator to pursue various statutory claims under the Insolvency Act 1986, against the company’s former directors. The company’s creditors decided they could no longer afford to fund the Liquidator’s legal costs, so Summit Law LLP arranged third party funding on the Liquidator’s behalf. Successful Outcome: Shortly after the

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