Showing posts with label Interest. Show all posts
Showing posts with label Interest. Show all posts

Tuesday, July 5, 2011

Berengo v Amaca Pty Ltd & Anor [2011] VSC 276 - pre-judgment interest rates

The matter of Berengo v Amaca Pty Ltd & Anor [2011] VSC 276 (Berengo v Amaca) was a post-judgment hearing before T Forrest J. The matter was a personal injury claim in which the second defendant was ordered to contribute $150,000 to the first defendant plus $15,000 of contributed costs. The Court said that pre-judgment interest will apply, but it had to determine the appropriate rate as s60(1) of the Supreme Court Act 1986 (Vic) gives the Court a discretion to fix the rate of interest applicable.

I have included a discussion and extracts of this matter below.