Read the full judgment text of HCCT 72/2018 on BabelCite. This 高等法院原訟法庭 judgment was delivered on 30 June 2021 before Hon Mimmie Chan J.
Construction and Arbitration Proceedings — Interest on judgment sum — Sanctioned offers — Rates of interest — Costs interest — Order 22 rule 24. The Plaintiff obtained judgment against the Defendant. The Defendant's Defence and Counterclaim lacked evidential basis and did not respond to Plaintiff’s sanctioned offers. The Court rejected Defendant's claim of complex liability and quantum issues. The Defendant was ordered to pay enhanced interest at 5% above the judgment rate on the judgment sum from 29 June 2019 to the date of judgment, interest at prime plus 1% from writ service until 28 June 2019, and judgment rate thereafter until payment. Interest on costs was awarded at half the enhanced interest rate. The Defendant was also ordered to pay costs of this interest application. The Court found the rate and orders fair and just in light of the parties' conduct and pleadings.
Legal issues: Interest payable on judgment sum · Interest on costs
Outcome: Defendant ordered to pay enhanced interest on judgment sum, interest on costs, and costs of the application for interest.
Cited by 3 cases