Interest

Competition Appeal Tribunal awards compound interest on £68.6m damages award

On 14 July the UK Competition Appeal Tribunal (CAT) issued its judgment in the damages claim brought by Sainsbury's against MasterCard. It held that certain interchange fees set by MasterCard were anti-competitive and awarded damages of £68.6m, plus interest. The decision … Continue reading

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Commercial Court refuses to award compound interest where interest losses not specifically pleaded

The Commercial Court has refused to award compound interest on sums in excess of US$1.5 billion paid away by the claimant bank as a result of a fraud: JSC BTA Bank v Ablyazov & ors [2013] EWHC 867 (Comm). The decision serves as … Continue reading

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House of Lords ruling expands availability of compound interest

The House of Lords has held that compound interest is recoverable in a claim for restitution of money paid under a mistake of law and, although strictly obiter, indicated that it would be recoverable in principle in any claim in … Continue reading

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