The Court ordered that the respondents pay the applicants' costs of the proceedings, finding no reason to depart from the general rule that costs follow the event. Although the respondents had succeeded on some separable issues (including resisting compound interest and obtaining pre-hearing concessions), the applicants were substantially successful in establishing unauthorised payments from fixed trust assets and the respondents' liability to make good the loss with interest. The Court held that the applicants did not unreasonably pursue unmeritorious claims and that the unsuccessful falsification arguments did not unduly add to the length or cost of proceedings.
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