Motion dismissed decision
This decision addresses the costs award following the dismissal of the defendants' motion to set aside a default judgment.
Royal Bank of Canada, as the successful party, sought substantial indemnity costs based on contractual terms in the loan guarantees.
The court affirmed the contractual right to costs but exercised its discretion to reduce the requested amount.
The reduction was based on the disproportionality of counsel's seniority to the tasks performed, excessive time dockets for routine work, and the lack of merit in some of RBC's responding arguments.
A total of $29,561.96 inclusive of HST was awarded, payable jointly and severally by the defendants.
Royal Bank of Canada v. HCB Thickson Ltd. et al., 2020 ONSC 1408