23 Nov 2006
MIMI MONICA WONG v. MIRKO SACCANI AND ANOTHER
- Citation
- MIMI MONICA WONG v. MIRKO SACCANI AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA2061/2004
In the absence of evidence that the plaintiff had to borrow to replace the sums and given that the funds were paid into court by agreement and earned deposit rates, the correct measure in the particular circumstances was loss of return on the money (actual interest received on the monies in court) rather than the cost of borrowing; accordingly the earlier order for interest at prime plus 1% was set aside and the plaintiff awarded the actual interest sums accrued on the monies paid into court and thereafter interest at the judgment rate until payment.