Unpaid invoices did not constitute ‘qualifying debts’, court rules (Edge Tools & Equipment Ltd v Greatstar Europe and another company)

Table of contents

• What are the practical implications of this case?
• What was the background?
• What did the court decide?
• Was there a contract?
• What was the appropriate level of interest on the unpaid invoices?
• Repudiation and misrepresentation

Article summary

Commercial analysis: Ieuan Jones, solicitor at Ashfords LLP, discusses the practical implications of the judgment in Edge Tools & Equipment Ltd, which illustrates that where a commercial debt is not ‘standard’, the court will look closely at what was agreed between the parties in considering whether the Late Payment of Commercial Debts (Interest) Act 1998 (LPCD(I)A 1998) applies.