Interest on judgment debts and costs
A practice note on a party's entitlement to post-judgment interest on judgment debts and costs in the High Court and the County Court. This resource provides guidance on the detailed rules governing the recoverability of interest, including the applicable rate and the period for which it is payable. It covers the frameworks for High Court judgments under the Judgments Act 1838 and for County Court judgments under the County Courts Act 1984 and the County Courts (Interest on Judgment Debts) Order 1991 (SI 1991/1184). The practice note explores key issues such as the statutory Judgments Act rate, the court's discretion regarding judgment debts in a foreign currency and the court's power to alter the start date for interest accrual under Civil Procedure Rule 40.8. It also examines interest on costs, the impact of the "merger" principle on contractual interest provisions and the implications for interest when court orders are overturned on appeal.
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