Case Nos: CL-2022-000294; CL-2022-000557; - [2025] EWHC 2529 (Comm)

Interest on Costs

As to interest on costs, there was no dispute that there should be an award of interest at either 1% or 2% over Bank of England base rate from the date on which the relevant receiving party paid those costs until a date after the paying party has received a detailed bill of costs, and thereafter at the Judgments Act 1838 rate of 8%. I consider that the appropriate rate is 1% over base rate. There was also an issue as to what period after the detailed bill of costs should be allowed before the Judgments Act rate applied. In my view it should be 3 months after service of a detailed bill of costs, given the likely complexity of those bills of costs.