In Bank St Petersburg PJSC & Anor v Arkhangelsky & Ors [2018] EWHC 2817 (Ch) Mr Justice Hildyard considered the appropriate costs order after a lengthy trial.
THE CASE
There has been a lengthy trial (between February - July 2016) where the claimant was represented by two Leading Counsel an...
I’ve not read the judgment (will anyone ever read it?) but why on earth should the UK taxpayer provide massively expensive court facilities and a High Court Judge to warring Russians for a fee of a mere £10k?
I appreciate that the lawyers involved are more than happy to indulge these oligarchs for fees of £10m, but why should the rest of us subsidise their expensive games either?
it’s completely artificial that such parties are able to litigate in London at all.They should be heard in the Russian courts, where they belong.
And if they choose arrangements that artificially give UK courts jurisdiction then the fees should be based on an uncapped percentage of the claim (probably 5%, as with other court fees) or a daily court fee of around £20k, to reflect the real cost of providing such a facility, whichever is the higher.
Such a system would have resulted in court fees of around £1m in this case, which would at least have meant we weren’t heavily subsidising such absurd litigation.