Q&As

Can I claim exchange rate losses as part of my costs?

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Published on LexisPSL on 23/02/2017

The following Dispute Resolution Q&A provides comprehensive and up to date legal information covering:

  • Can I claim exchange rate losses as part of my costs?

The basic rule is that a successful party is entitled to their costs on the standard basis. This means that any doubt as to whether the costs claimed are recoverable is resolved in favour of the paying party. However, when costs are assessed on an indemnity basis, any doubt as to whether the costs have been reasonably incurred or were reasonable in amount being resolved in favour of the receiving party (CPR 44.3(3)), see Practice Note: Indemnity costs orders—principles.

The court also has the power to award interest on costs and there are two different rates of interest, the post-judgment rate and the pre-judgment rate. The post-judgment rate is set by the government and the interest rate of 8% per annum has re

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