This blog post is by William Audland QC and James Beeton of 12 King's Bench Walk.
This case involved a failed claim in contract or unjust enrichment by C against D1, with a consequential award of costs in D1's favour. Issues arose as to both the basis of the costs award and the level of interest recoverable. Having found that costs would be awarded on the standard basis, Coulson J went on to consider an argument advanced by D1 that it was entitled to an order for recovery of any additional sums to be assessed 'to reflect any currency loss caused by the decline in the exchange rate between the Pound and the Euro since any payments [of costs] were made'.