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Payment on Account
Payment on Account
The parties are agreed that:
If I were to make an order for the assessment of the Claimant’s costs on the standard basis, then an appropriate payment on account is £475,000.
If I were to make an order for the assessment of the Claimant’s costs on the indemnity basis then an appropriate payment on account is £660,000.
It follows that, as I consider that an order for the assessment of the Claimant’s costs on an indemnity basis is appropriate, the appropriate payment on account is £660,000.
Given my decision that there should be no order as to the costs of the Disclosure Application, the sum of £660,000 does not need to be adjusted to take account of the costs of the Disclosure Application.