Compound Interest in UK Law

  • Westdeutsche Landesbank Girozentrale v Islington London Borough Council
    • House of Lords
    • 07 Junio 1996
    ... ... 2 This appeal is concerned with a transaction known as an interest rate swap. Under such a transaction, one party (the fixed rate payer) ... 5 The judge ordered that the Council should pay compound interest on the sum awarded against them, calculated at six-monthly rests ... ...
  • Sempra Metals (formerly Metallgesellschaft Ltd) v Commissioners of Inland Revenue
    • House of Lords
    • 18 Julio 2007
    ... ... 1 This is a case about the award of interest. Questions about interest usually arise where the claim is presented as ... The choice is between simple interest and compound interest. If simple interest is used, it is agreed that it should be at ... ...
  • Westdeutsche Landesbank Girozentrale v Islington London Borough Council
    • Court of Appeal (Civil Division)
    • 17 Diciembre 1993
    ... ... 74 being as to £1,145,525.93 principal and as to £446,368.81 interest thereon ... 3 The main issue on the appeal is whether the Council is ... the Judge was entitled to order the Council to pay the Bank compound, and not merely simple, interest on the principal. There is also an issue ... ...
  • William Kurt Wallersteiner (Plaintiff Appellant) M. J. G Moir (Defendant Respondent) M. J. G Moir (Plaintiff on counterclaim) William Kurt Wallersteiner Hartley Baird Ltd and Another (Defendants on counterclaim)
    • Court of Appeal (Civil Division)
    • 29 Enero 1975
    ... ... 2 INTEREST ... 3 When we gave judgment last May each of ... In some cases it awarded simple interest. In others compound interest, i.e. with yearly rests ... 6 The ... ...
  • O'Sullivan v Management Agency and Music Ltd
    • Court of Appeal (Civil Division)
    • 14 Febrero 1984
    ... ... is set up in which the composer and the publisher each has a 50% interest. All the composer's copyrights are assigned to the company which pays the ... 'Sullivan of all sums found due on the taking of the account, with compound interest at 1% above Bank rate or minimum lending rate. He directed on a ... ...
  • President of India v La Pintada Compania Navigacion S.A. (La Pintada)
    • House of Lords
    • 24 Mayo 1984
    ... ... restricted statutory provisions for the discretionary award of interest in certain cases so as to render them a dead letter ... 7 Secondly, ... question is, if so, whether such power extends to the award of compound, as distinct from simple, interest ... 11 While these are the two ... ...
  • Cookson v Knowles
    • House of Lords
    • 24 Mayo 1978
    ... ... when the relevant statutory provision empowering courts to award interest on damages was section 3 of the Law Reform (Miscellaneous Provisions) Act ... grow to the money value of the benefit if it were invested at compound interest at current rates until the year in which it would have been ... ...
  • Riches v Westminster Bank
    • House of Lords
    • 21 Marzo 1947
    ... ... 3 (1) of the Law Reform (Miscellaneous Provisions) Act, 1934, as interest, and included in the total sum for which judgment is given, is "interest ... section 3 (1) (b) of the Act which after excluding power to give compound interest provides that the Act is not to apply to any debt where the ... ...
  • Arnold v Britton and Others
    • Supreme Court
    • 10 Junio 2015
    ... ... ie an initial annual service charge of £90, which increases at a compound rate of 10% in each succeeding year. The issue on this appeal is whether ... (any more than the lessee does), although it may well be in his interest to be (or at least to appear to be) fair. But, whosever interpretation is ... ...
  • Kuwait Oil Tanker Company SAK and Another v Al Bader and Others
    • Court of Appeal (Civil Division)
    • 18 Mayo 2000
    ... ... would be if it were right to punish the plaintiffs in the interest of upholding the importance of proper diligence in the service of ... ...
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