COST BITES 448: THE FINANCIAL CONDUCT AUTHORITY HAS TO PAY THE FULL COSTS OF LOSING AN ACTION: ARGUMENTS ABOUT “CHILLING EFFECT” WERE NOT ESTABLISHED AND NOT EVIDENCED IN ANY EVENT

Here we look at some unusual arguments from an unsuccessful defendant as to why it should not be liable to pay the claimants' costs in full.  In the end the defendant succeeded in reducing the costs of a single claimant by 8%.  The judgment does, however, have some important lessons (or records unsu...