Lipschitz v Crook and Another (12395/2014)
Lipschitz v Crook and Another (12395/2014) [2023] ZAGPJHC 1472 (22 December 2023)
The court held that interest on the taxed costs of R2 034 738.80 commenced running from 14 October 2021, the date the arbitration panel published its new award after considering the remitted issue. The previous award was extinguished by the court's review and could not be reinstated by the panel; the new award created a fresh obligation. The making of the award an order of court on 17 February 2022 was merely a mechanism for enforcement and did not affect the accrual of interest. The suspension of the writ of execution by court order on 15 March 2022 did not suspend the running of interest, a…
Source excerpt
- Prescribed Rate Of Interest Act
- Arbitration Award Enforcement
- Taxed Costs Interest
- Striking Out Scandalous Matter