OMV Petrom SA v Glencore International AG – Court of Appeal (Sir Geoffrey Vos, Chancellor, Kitchin and Floyd LJJ) [2017] EWCA Civ 195 – 27 March 2017

Practice – Costs – Defendant rejecting claimant’s Part 36 offer – Claimant beating offer at trial – CPR 36 providing for award of enhanced interest on judgment sum and on costs – Whether provisions for enhanced interest entirely compensatory

The issue on this appeal concerned the interest that the court might award when a claimant’s CPR Part 36 offer was rejected, but the claimant achieved a greater award at trial. At the time, the relevant provision was CPR 36.14 (now contained in materially the same form in CPR 36.17).