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Ben Caldera

Associate

London

BC

Ben Caldera

Associate

London

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Egg timer

Blog Post: 15 June 2023

A penalty for your thoughts: default interest rate found to be penal

The High Court has found a clause that imposed default interest of 4% per month on a defaulting party to be a penalty and therefore unenforceable.

Read more A penalty for your thoughts: default interest rate found to be penal

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