20 March 2015
Excalibur Ventures LLC v Texas Keystone Inc and others [2015] EWHC 566 (Comm), [2015] All ER (D) 109 (Mar)
Following an earlier judgment (see [2014] EWHC 3436 (Comm)), the Commercial Court considered, among other things, the percentage of the costs claimed that were to be awarded against the claimant, whether the rate prescribed pursuant to the Judgments Act 1838 should start any earlier than the judgment date, and the date from which interest was to be calculated. It held that interest would be payable at the rate prescribed pursuant to the 1838 Act, and that 80% of the sum claimed was a reasonable figure for an interim payment on account of costs and interest.
