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. A
note on the judgment can be read here. Stuart Ritchie QC and Alexander Robson acted
for the successful appellant, instructed by Signature Litigation LLP
