The Applicant and Respondent, joint owners of a family business, brought competing applications to wind up the corporation and for an accounting.
Following an order for the business sale and an accounting, the parties sought costs.
The Applicant requested substantial indemnity costs of $50,202.35, while the Respondent sought partial indemnity costs of $17,243.58.
The court found that success was divided and that a punitive costs award was not justified.
The court fixed costs at $25,000, to be "in the cause" of the ongoing accounting or arbitration.