30 Jul 2021
CLAIMS RESOLUTION SERVICE LTD v PFISTERER [2021] NZHC 1943
- Citation
- [2021] NZHC 1943
- Court
- High Court
The Court held contractual default interest at 2% per month is simple, not compound, given the standard-form nature of the contract and absence of explicit compounding; interest on CRSL's commission and costs runs from 1 October 2017; interest on GSBS's fees and disbursements runs from the date CRSL paid GSBS (18 June 2018); CRSL entitled to solicitor-client costs of $150,000 excluding GST after a global reduction to reflect overlap and proportionality; CRSL disbursements fixed at $5,061.15; GSBS entitled to 2B scale costs of $62,834 and disbursements of $7,515.89; some disbursements (alcohol…