Article 3 Statutory interest under the Late Payment of Commercial Debts (Interest) Act 1998

Order 6^f1 shall be amended by inserting after rule 2C the following new rule—

“Claim for statutory interest under the Late Payment of Commercial Debts (Interest) Act 1998

2D

Where a plaintiff claims statutory interest under the Late Payment of Commercial Debts (Interest) Act 1998^f2, the endorsement on the writ must give particulars of the contract relied on and, in particular, must show:

(a)

that it is a claim for statutory interest under the Act;

(b)

the date from which the interest is payable;

(c)

the rate of statutory interest applicable to the claim;

(d)

the amount of interest due at a date not later than the date of the issue of the writ; and

(e)

any claim for further statutory interest from the date to which interest is already claimed to judgment or sooner payment.”.