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Paragraph 62.19 Interest on awards

Original text. Later amendments are not shown.

(1)

Where an applicant seeks to enforce an award of interest the whole or any part of which relates to a period after the date of the award, he must file a statement giving the following particulars—

(a)

whether simple or compound interest was awarded;

(b)

the date from which interest was awarded;

(c)

where rests were provided for, specifying them;

(d)

the rate of interest awarded; and

(e)

a calculation showing—

(i)

the total amount claimed up to the date of the statement; and

(ii)

any sum which will become due on a daily basis.

(2)

A statement under paragraph (1) must be filed whenever the amount of interest has to be quantified for the purpose of—

(a)

obtaining a judgment or order under section 66 of the 1996 Act (enforcement of the award); or

(b)

enforcing such a judgment or order.