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Caribbean Court of Justice — judgment interest rate, not award rate, applies on enforcement (AG of Belize v Belize Bank)

Caribbean Court of Justice — judgment interest rate, not award rate, applies on enforcement (AG of Belize v Belize Bank)
Published on: 23 March 2018
Published by: LexisPSL
  • Caribbean Court of Justice — judgment interest rate, not award rate, applies on enforcement (AG of Belize v Belize Bank)
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?
  • Case details

Article summary

Arbitration analysis: The Caribbean Court of Justice (CCJ) conceded that when it issued a certificate to confirm enforcement of an arbitration award, the rate of interest on the award sum as from the date of the certificate ought to have been the statutory judgment debt rate of 6% simple interest, not 17% compounded on a monthly basis, which was the post-award rate set in the award. or take a trial to read the full analysis.

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