Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Accrual date for interest

Legal area

Court

20 Jul 2018

LAM KONG SANG v. MOK SUNG KIT

Citation

[2018] HKDC 878
Court

District Court
Case number

DCCJ3121/2016

Enhanced interest of 4% above the judgment rate was appropriate from 5 July 2017 to the date of judgment (not beyond) given the plaintiff’s reasonable settlement offers and the defendant’s conduct; interest on costs awarded at half that enhanced rate for the same period to reflect that some costs were incurred after 5 July 2017; costs of the summons awarded on an indemnity basis; plaintiff’s own costs to be taxed per Legal Aid Regulations.
20 Jul 1994

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, P.A. v. GRAND UNION INSURANCE COMPANY AND ANOTHER

Citation

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, P.A. v. GRAND UNION INSURANCE COMPANY AND ANOTHER
Court

Court of First Instance
Case number

HCCL113/1990

Given ambiguity and conflicting evidence about when the defendants knew the quantum, the judge exercised the discretion under section 48 pragmatically and ordered interest to run from 15 August 1989 (60 days after the last payment in the plaintiff's schedule) as a reasonable and fair start date; interest rate set at 3% above the prevailing German Discount Rate; costs order nisi made in favour of the plaintiff in respect of the interest application.