Read the full judgment text of HCCT 58/2017 on BabelCite. This 高等法院原訟法庭 judgment was delivered on 29 April 2020 before Hon G Lam J in Chambers.
Construction and arbitration proceedings — interest and costs — sanctioned offer under Order 22 rule 24 Cap 4A — boosted interest and indemnity costs — timing and amount of sanctioned offer — court held offer made late but not in bad faith; enhanced interest rate at 2% above judgment rate ordered for judgment sum from cut-off date, with half rate interest on costs; indemnity costs allowed after cut-off date. The court gave judgment in favour of Threshold Consultants Limited against Boost Investments Limited for $1,018,250 with specified interest and costs orders. The defendant’s counterclaim was dismissed. Variation application by Threshold and Ms Au to increase rates on interest and costs was partly granted with enhanced rates lower than initially sought, based on established case law. Boost required to pay costs on party and party basis before cut-off and indemnity basis thereafter, as well as costs of summons on a shared basis.
Legal issues: Interest and costs variation pursuant to sanctioned offer
Outcome: Varied orders on interest and costs in favour of Threshold Consultants Limited and Ms Au, with Boost Investments Limited ordered to pay costs and interest at specified enhanced rates.
Cites 3 cases