GPG Fortitude Valley v Thakral Capital Australia (No 3 – costs) [2018] NSWSC 1627

Supreme Court New South Wales

Medium Neutral Citation: GPG Fortitude Valley v Thakral Capital Australia (No 3 – costs) [2018] NSWSC 1627 Hearing dates: On the papers. Date of orders: 26 October 2018 Decision date: 26 October 2018 Jurisdiction: Equity - Commercial List Before: McDougall J Decision: Order that costs be paid on the ordinary basis up until 19 July 2018 and on the indemnity basis thereafter. Catchwords: COSTS – application for indemnity costs – Calderbank letter – whether letter offered a genuine element of compromise – whether unreasonable to reject offer – whether indemnity costs should be payable from date of letter or date of rejection – no question of principle. Cases Cited: Calderbank v Calderbank [1976] Fam 93 GPG Fortitude Valley v Thakral Capital Australia (No 2) [2018] NSWSC 1388 GPG Fortitude Valley v Thakral Capital Australia [2018] NSWSC 1196 Miwa Pty Ltd v Siantan Properties Pte Ltd (No 2) [2011] NSWCA 344 Rickard Constructions v Rickard Hails Moretti [2005] NSWSC 481 Category: Costs Parties: GPG Fortitude Valley Issuer Pty Ltd (First Plaintiff) GPG Fortitude Valley Pty Ltd (Second Plaintiff) 237 Barry Parade Pty Ltd (Third Plaintiff) Thakral Capital Australia Pty Ltd (First Defendant) TCAP Investments Limited (Second Defendant) Diversity Capital Limited (Third Defendant) Thakral Capital Investments Limited (Fourth Defendant) Representation: Counsel: G D Dalton QC / D R Sulan (Plaintiffs) T J F McEvoy QC (Defendants)