Interest on Costs: Can a 15% Loan Rate Be Recovered as a Disbursement? — Nosworthy v Royal Bournemouth Hospital
Detailed Assessment — 2020-04-30
This case involved an application for interest on costs relating to a disbursement funded by a loan at 15% interest. The primary issue was whether the claimant was entitled to pre-judgment interest on the disbursement, which was incurred for an expert medical report. The claimant argued that the costs could not have been pursued without the loan, but the court ultimately refused the application.
Summary
This case involved an application for interest on costs relating to a disbursement funded by a loan at 15% interest. The primary issue was whether the claimant was entitled to pre-judgment interest on the disbursement, which was incurred for an expert medical report. The claimant argued that the costs could not have been pursued without the loan, but the court ultimately refused the application.
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This case summary is part of the Mackenzie Costs case law library, providing expert analysis of significant costs law decisions for legal professionals. Each article examines the key issues, judicial reasoning, and practical implications for costs practitioners.
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