Interest on costs is payable because the costs award is a Judgment debt. In the County court, Section 74(1) County Courts Act 1984 provides that interest will be payable on “relevant judgments” - i.e. judgments for not less than £5,000. This will include situations where, although the substantive award of damages or loss is under £5,000, the award of … Continue reading Interest On Costs
On the 22 September 2015, Mr Justice Leggatt ordered, in the case of Involnert Management Inc v Aprilgrange Limited & Ors  EWHC 2834, that interest at the Judgment Act rate should begin to run from three months after the date of the costs order. This is a point which has been raised many times … Continue reading Interest on costs subject to provision of costs breakdown.