EQC loses costs appeal


The Court of Appeal has today dismissed the appeal(s) by EQC against High Court decisions awarding homeowners costs and disbursements where EQC paid cap after being sued.  Here is the judgment.  This is an excellent result for homeowners and should encourage more people to sue EQC.  The High Court had awarded each homeowner 50% of the 2B costs and disbursements on the basis that an insurer was still a party.  The Court of Appeal refused to increase this to 100%.