The Florida Foundation v Jeanne
The Florida Foundation v Jeanne [2019] JRC 252 (20 December 2019)
The Royal Court allowed default interest at 12% until judgment, then reduced it to 7% until repayment, and disallowed claimed penalty interest and administrative costs.
- Loan agreements
- Interest rates
- Default provisions
- Frustration of contract
- Costs
- Loan-agreement