2 Jun 2015
TADJUDIN SUNNY v. BANK OF AMERICA, NATIONAL ASSOCIATION
- Citation
- TADJUDIN SUNNY v. BANK OF AMERICA, NATIONAL ASSOCIATION
- Court
- Court of First Instance
- Case number
- HCA322/2008
Court held plaintiff was entitled to pre-judgment interest on the awarded bonus from 1 March 2008 until 24 December 2014; adopted 12-month HIBOR plus 2% as a realistic starting index and fixed the rate at 2.85% per annum (using mean 12-month HIBOR of 0.85%), awarded post-judgment interest at the statutory judgment rate thereafter, and found no need to invoke the slip rule to make the award while the order remained unsealed.