14 Jun 2007
CHINLUCK PROPERTIES LTD v. CASIL CLEARING LTD
- Citation
- CHINLUCK PROPERTIES LTD v. CASIL CLEARING LTD
- Court
- Court of First Instance
- Case number
- HCA11008/1997
On construction of the Loan Agreement and Mortgage the contractual 15% rate applied only for the agreed term and until the date of default (4 December 1997); the documents contained no express provision for default interest or that the contractual rate continued after demand, so from 4 December 1997 until judgment interest is awarded at prime plus 1%; costs are allocated so that Chinluck and Mr Shu pay 55% of the costs of the liability trial to Casil (taxed party and party), Casil is entitled to costs of the damages trial in full, and Chinluck and Mr Shu recover costs of the interest argument…