Lomas and Others v HM Revenue and Customs: ChD 11 Oct 2016
Receivers’ payment of statutory interest gross Substantial sums were to be repaid to creditors after the administration of Lehman Brothers produced a substantial surplus. The sums were to carry interest and the court now considered whether the sums due amounted to ‘yearly interest’ under section 874. Held: The statutory interest to be paid under Rule … Continue reading Lomas and Others v HM Revenue and Customs: ChD 11 Oct 2016