This costs endorsement addresses the allocation and quantum of costs following a contested application to pass accounts in the insolvent estate of Christina Georgiou Psoma.
The court reviews the parties’ positions, the applicable legal principles, and the conduct of the litigation, ultimately awarding the applicant, Steve Georgiou, costs on a substantial indemnity basis in the amount of $23,000, payable by the objectors, Panayiotios Georgiou and Zevoulla Georgiou, jointly and severally.
The decision provides a detailed analysis of the modern approach to costs in estate litigation, the impact of settlement offers, and the role of proportionality and party conduct in determining costs.