LM-2023-000035 - [2025] EWHC 2168 (Comm)

This judgment deals with matters consequential upon the judgment I handed down on 28 July 2025 a draft of which was circulated to the parties in early June 2025.

Judgment has been entered in favour of the Claimant in the sum of €1,792,247.93 to be paid by 4pm on Monday 11 August 2025. The sum represents a success fee payable to the Claimant calculated at the rate of 1.25% of certain finance raised by the Defendant. The relevant finance was paid in accordance with the terms of 2 facilities, the first dated 20 September 2022, the second dated 23 May 2023. The success fee due in respect of the first facility was €1,542,500 and in respect of the second €249,743.93.

The first issue relates to interest both before and after judgment. Given the primary purpose of an award of interest is to compensate the creditor for having been kept out of his money (“the compensatory principle”) it is useful to determine when the judgment sum fell due.