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Energy – punitive interest where there is “Significant Connection with England”

10/08/2022

Summary The Late Payment of Commercial Debts (Interest) Act 1998 implies a term in English law contracts for the supply of goods and/or services in the event of late payment by the purchaser. This ‘statutory interest’ is currently set at 8% above the Bank...

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Authors

Portrait ofPhillip Ashley
Phillip Ashley
Partner
London
Portrait ofMarc Rathbone
Marc Rathbone
Partner
Singapore
Portrait ofTed Rhodes
Ted Rhodes
Partner
London
Portrait ofDavid Rutherford
David Rutherford
Partner
London
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