QFC 007/2017 on 16/05/2019

Oussama Assaad v Nomura International PLC on 16/05/2019

JUDGMENT

Introduction

1. On 24 February 2019 the First Instance Circuit of the Court (Justices Robertson, Kirkham and Hamilton) issued its judgment in relation to costs. That judgment ordered the following:

  • (a) The Claimant shall pay a contribution to the Defendant's costs of these proceedings, to be assessed as follows, if not agreed.

  • (b) The Court directs the Registrar to make a detailed assessment of the Defendant's recoverable costs.

    (c) The total of the fees, disbursements and any other costs which the Registrar assesses as recoverable costs shall be reduced by 20%.

2. The parties have not reached agreement on the issue of costs. On 19 March 2019 the Defendant communicated with the Registry of the Court to explain that it had contacted the Claimant with a view to agreeing the amount of costs but had not received any reply to its emails. The Defendant requested a detailed assessment.