26 May 2016
LI XIAO YUN AND ANOTHER v. CHINA GAS HOLDINGS LTD
- Citation
- LI XIAO YUN AND ANOTHER v. CHINA GAS HOLDINGS LTD
- Court
- Court of Appeal
- Case number
- CACV215/2013
The Court held that, absent clear evidence that prime rate is no longer or rarely used as a starting point, the established approach of prime rate plus 1% remains the correct starting point for pre-judgment interest; the defendant produced no such evidence and therefore prime+1% was awarded from 8 April 2011 to judgment.