Earlier this month the High Court handed down judgment in two linked cases: Sheehan v Breccia and others, and Flynn and Benray Limited v Breccia. The judgment provides useful clarification as to whether banks/funds can claim "surcharge" interest and "enforcement" costs against borrowers.
Can a bank claim "surcharge" interest, and if so, how much?
The borrower argued that the Court should follow the decision in ACC Bank Plc. v. Friends First Managed Pension Funds...
Latest High Court judgment on whether banks can claim "surcharge interest" and "enforcement costs"
Can a bank claim "surcharge" interest, and if so, how much?
The borrower argued that the Court should follow the decision in ACC Bank Plc. v. Friends First Managed Pension Funds...
Latest High Court judgment on whether banks can claim "surcharge interest" and "enforcement costs"