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Interest and Financing Costs
Interest and Financing Costs
In that judgment I awarded the Claimant (“IRDL”) damages of £4,730,744.01, exclusive of interest.
IRDL’s pleading claims interests and finance costs under five heads:
Interest Claim 1: Work completed prior to Arcadis defect discovery;
Interest Claim 2: Interest applicable to the recovered costs awarded (up to 23 July 2021);
Interest Claim 3: Interest applicable to the increased cost of remedial works after completion;
Interest Claim 4: Increased rates from “Together” Facility;
Interest Claim 5: Additional Lending Fees.
- Heading
- This judgment was handed down by the court remotely by circulation to the parties’ representatives by email and released to The National Archives. The date and time for hand-down is deemed to be 9 Aug
- Interest and Financing Costs
- Interest Claim 1: Work completed prior to Arcadis defect discovery
- Interest Claim 2: Interest applicable to the recovered costs awarded (up to 23 July 2021)
- Interest Claim 3: Interest applicable to the increased cost of remedial works after completion
- Interest Claim 5: Additional Lending Fees
- Costs
- CPR Part 44
- The Costs of the Action
- The costs of Arcadis’s disclosure application
- Interim payment as to costs
- Conclusions