NSW Caselaw
New South Wales Supreme Court
CITATION : Hexiva Pty Limited & ors v Lederer & ors (2) [2007] NSWSC 49
HEARING DATE(S) : 20 December 2006
JUDGMENT DATE : 8 February 2007
JURISDICTION : Equity Division
JUDGMENT OF : Brereton J
DECISION : Damages allowed as interest calculated at historical market rate established by evidence for cash deposits until payment. Thereafter, statutory interest at prescribed rate allowed on damages.
CATCHWORDS : INTEREST – award of interest as damages – interest rate – relevance of prescribed rate for interest on judgment debts - where on evidence market rate is significantly lower than prescribed rate for interest on judgment debts – whether statutory interest allowable on damages calculated as interest – held, it is.
LEGISLATION CITED : (NSW) Civil Procedure Act 2005, s 100 (NSW) Uniform Civil Procedure Rules 2005 (NSW), r 36.7
Bushwall Properties Limited v Vortex Properties Limited [1975] 2 All ER 214; [1975] 1 WLR 1649 Eugenie Holdings Pty Ltd v Stratford (NSWSC, 12 November 1991, Giles J, BC9101436 Harvey v Rogers (1983) 32 SASR 247 Hobartville Stud Pty Limited v Union Insurance Co Limited (1991) 25 NSWLR 358 Hungerfords v Walker (1989) 171 CLR 125 CASES CITED : Legal & General Insurance Australia Limited v Eather (1986) 6 NSWLR 390 McBeath v Sheldon (1993) Aust Tort Reports 81-208 Pooraka Holdings Pty Ltd v Participation Nominees Pty Ltd & McAuley (1991) 58 SASR 184 R W Miller & Co Pty Ltd v The Ship Patris, [1975] 1 NSWLR 704 Serisier Investments Pty Ltd v English [1989] 1 QdR 678 Sheldon v McBeath (1993) Aust Tort Reports 81-209
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