Fiona Trust & Holding Corporation & Ors v Privalov & Ors (Costs) [2016]

Commercial Court
Written By Louise Glover

Fiona Trust & Holding Corporation & Ors v Privalov & Ors (Costs) [2016] EWHC 2657 (Males J) - 27 October 2016

“After Defendants were awarded $59.8 million for damages caused by worldwide freezing orders against them, they were now able to recover 50% of their costs, and not 100%, since 1) Defendants did not recover their full damages claimed (some $387 mill…

“After Defendants were awarded $59.8 million for damages caused by worldwide freezing orders against them, they were now able to recover 50% of their costs, and not 100%, since 1) Defendants did not recover their full damages claimed (some $387 million), 2) large financial investments were made towards issues on which Defendants failed, and 3) Defendants provided untruthful evidence in Court.”

Vasilis Bikakis
E. G. Arghyrakis & Co.
02nd November 2016

Louise Glover
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