- November 24, 2009
Should there be a time limit for claiming statutory interest?
“Dear, dear. I shall be too late.” (The White Rabbit, in Lewis Carroll’s Alice’s Adventures Under Ground.) Two weeks ago, I wrote about an interesting argument on the relationship between the “final date for payment” under a construction contract and a claim for statutory interest. This week, I look at delays in bringing a claim … Continue reading Should there be a time limit for claiming statutory interest? →
- November 11, 2009
Surely, statutory interest runs from the final date for payment?
If an employer fails to pay a contractor by the construction contract’s final date for payment, it should expect to be on the receiving end of a costly claim for statutory interest under the Late Payment of Commercial Debts (Interest) Act 1998.