Applicant v Respondent

1. The Applicant pay the Respondent's costs of the hearing on 25 and 26 July 2017 on an indemnity basis.
2. Subject to order 4, the Applicant is otherwise to pay the Respondent's costs of the application for leave to appeal, including reserved costs, on a standard basis, to be taxed in default of agreement.
3. The quantum of costs payable under order 3 is to be reduced by $50,000 being the sum recovered by the Respondent from Thexton Lawyers in respect of paragraph 1 of the Respondent's summons dated 4 September 2017.

[1] Ugly Tribe Co Pty Ltd v Sikola [2001] VSC 189 [7].