The
vexed question as to the availability of compound interest on a claim for a
money sum is the subject of an important decision of the Privy Council, handed
down today. The judgment (Click Here) of the Board contains important analysis concerning (i) what a party must prove
to obtain an award of compound interest as a remedy under the general law; and
(ii) the basis upon which the courts may interfere with an arbitrator’s
decision to make such an award. Stuart Ritchie QC and Alexander Robson acted
for the successful appellant, instructed by Signature Litigation LLP
