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Interest Claim 5: Additional Lending Fees
Interest Claim 5: Additional Lending Fees
This claim is for the finance costs associated with the funding facilities and re-financing elements. £54,949.13 is claimed.
As I have rejected the claims based upon the Wellesley and Together facilities, in my judgment this claim must also fail.
Interest after 31 July 2024
The figures above have been calculated to 31 July 2024. Interest will continue at 8% on a simple basis until this judgment is handed down.
- 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