Royal Courts of Justice, Rolls Building
Fetter Lane, London, EC4A 1NL
Before :
Mrs Justice Joanna Smith
Between :
EE Limited | Claimant |
- and - | |
Virgin Mobile Telecoms Limited | Respondent |
Conall Patton KC and Gideon Shirazi (instructed by Bryan Cave Leighton Paisner LLP) for the Claimant
Adam Zellick KC, Philip Ahlquist and Gillian Hughes (instructed by Baker & McKenzie LLP) for the Respondent
Hearing dates: 27th September 2023
RULING ON INTEREST
Mrs Justice Joanna Smith Wednesday, 27 September 2023
(12:57 pm)
Ruling by MRS JUSTICE JOANNA SMITH
The parties are at odds over the rate to be awarded on interest on costs (the principle of interest being accepted). The defendant seeks 2% above base rate, whereas the claimant argues for 1 % above base. Taking a broad brush approach to the brief submissions from the parties and applying caution for reasons I have already identified, I am going to order 1% above base rate in the exercise of my discretion.