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Costs – Interest on costs. The Commercial Court considered the date from which interest, under s 17 of the Judgments Act 1838, should run on costs payable by the claimant. Having considered the applicable principles, it ordered that interest on the costs payable by the claimant to the defendants and to the second third party was to run at the Bank of England Base Rate plus 2% from the dates when the costs had been incurred until a date three months after the orders for costs had been made, and at the rate prescribed by s 17 of the Act thereafter.
Costs – Interest on costs. The Commercial Court considered the date from which interest, under s 17 of the Judgments Act 1838, should run on costs payable by the claimant. Having considered the applicable principles, it ordered that interest on the costs payable by the claimant to the defendants and to the second third party was to run at the Bank of England Base Rate plus 2% from the dates when the costs had been incurred until a date three months after the orders for costs had been made, and at the rate prescribed by s 17 of the Act thereafter.
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