Anchorage Capital Partners Pty Limited v ACPA Pty Ltd (No 2) [2018] FCAFC 112

FEDERAL COURT OF AUSTRALIA

Anchorage Capital Partners Pty Limited v ACPA Pty Ltd (No 2) [2018] FCAFC 112 Appeal from: Anchorage Capital Partners Pty Limited v ACPA Pty Ltd [2015] FCA 882 Anchorage Capital Partners Pty Limited v ACPA Pty Limited (No 3) [2015] FCA 1436 Anchorage Capital Partners Pty Limited v ACPA Pty Limited (No 4) [2016] FCA 218

File number: NSD 385 of 2016

Judges: NICHOLAS, YATES AND BEACH JJ

Date of judgment: 16 July 2018

Catchwords: COSTS – indemnity costs – whether rejection of settlement offers unreasonable or imprudent – applicable principles – where settlement offers did not place the offeree in a substantially better position than it achieved on appeal – discretion as to costs – where respondents substantially successful on appeal and cross-appeal – where appellant successful on a number of issues – appropriate apportionment

Legislation: Federal Court of Australia Act 1976 (Cth) s 43 Federal Court Rules 2011 r 40.02

Cases cited: Beling v Sixty International S.A. (No 2) [2015] FCA 355 Black v Lipovac & Ors (1998) 217 ALR 386 CGU Insurance Ltd v Corrections Corporation of Australia Staff Superannuation Ltd [2008] FCAFC 173 Colgate-Palmolive Company v Cussons Pty Ltd (1993) 46 FCR 225 Hazeldene's Chicken Farm Pty Ltd v Victorian WorkCover Authority (No 2) (2005) 13 VR 435 Idenix Pharmaceuticals LLC v Gilead Sciences Pty Ltd (No 2) [2018] FCAFC 7 NV Sumatra Tobacco Trading v British American Tobacco Australia Services [2011] FCA 1295 Re Wilcox; Ex parte Venture Industries Pty Ltd (No 2) (1996) 72 FCR 151 Sandvik Intellectual Property AB v Quarry Mining & Construction Equipment (No 2) [2017] FCAFC 158