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Publications

29.03.17

Obtaining interest at 10% over base – how is that possible?

The Bank of England’s base rate is 0.25% and high street bank accounts pay little more, so how can interest of 10% over base be achieved? The answer is to be found in CPR Part 36.17(4) and the Court of Appeal’s decision of 27th March 2017 in OMV Petrom v Glencore [2017] EWCA Civ 195. In his latest article, Dov Ohrenstein examines how this is possible.  Click here to read his views.