Where a claim is for a debt incurred by a building contractor to raise the necessary capital which has interest charges as one of its constituents, the loss suffered as a result of the late payment of money was recoverable.
Judges:
Ackner LJ
Citations:
(1980) 13 Build LR 1
Jurisdiction:
England and Wales
Cited by:
Cited – Sempra Metals Ltd v Inland Revenue Commissioners and Another HL 18-Jul-2007
The parties agreed that damages were payable in an action for restitution, but the sum depended upon to a calculation of interest. They disputed whether such interest should be calculated on a simple or compound basis. The company sought compound . .
Lists of cited by and citing cases may be incomplete.
Damages
Updated: 07 May 2022; Ref: scu.260130
