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.