Interest On Late Payments Under Construction Contracts

Mondaq Business Briefing › United Kingdom Law Articles in English (2009)

Author: Mr Aidan Steensma

Author position: CMS Cameron McKenna LLP

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Interest On Late Payments Under Construction Contracts

The Late Payment of Commercial Debts (Interest) Act

1998 ("Late Payments Act") allows high interest

rates to be levied on late payments under construction contracts in

certain circumstances. A recent decision of the Court of Appeal ...

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