Contractual costs

Venture Finance plc v Mead and another [2005] EWCA Civ 325

Where the contractual obligation on each defendant was to pay all costs and expenses arising out of the recovery of monies under a deed of guarantee, the judge had erred by concluding that the only order for costs that gave effect to the parties’ contractual rights was that each defendant should be liable for only 50% of the whole costs of the proceedings.