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Intellectual Property Law

: OUT-LAW.com

Interest rate of 15% was not a punishment, rules Court of Appeal

By Pinset Masons

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An interest rate of 15% agreed in a contract between two companies was not a penalty and was justified, the Court of Appeal has said. The interest, which had been ruled unlawful, can be charged, said the Court.

Full post as published by OUT-LAW.com on July 30, 2009 (boomark / email).

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