The defendant is entitled to claim US$ 150,000 as its costs. The claimant, within 14 days of the date of the order, is to pay the defendant its costs in the amount of US$ 143,214.32 as follows:

a) US$ 120,000 being 80% of US$ 150,000 which is the defendant's costs following detailed assessment. Payable to the defendant under paragraph 2 of the order of Deputy Chief Justice Sir David Steel dated 8 February 2016;

b) US$ 9,182.25 being 60% of US$ 15,303.75 which is the total of the defendant's statement of costs, payable to the defendant as its costs of the detailed costs assessment proceedings; and

c) US$ 14,032.07 payable to the defendant as the assessment fee of the detailed costs assessment proceedings.

Issued by Natasha Bakirci , Assistant Registrar.