Full legislation
s.12B
Interest on claims for debt and damages
(1)
In proceedings (whenever instituted) before the Tribunal for the recovery of a
debt or damages there may be included in any sum for which judgment is given simple
interest, at such rate as the Tribunal thinks fit or as rules made under
section 10(3)
may provide, on all or any part of the debt or damages in respect of
which—
(a)
judgment is given; or
(b)
payment is made before judgment.
(2)
Interest under subsection (1) may be awarded for all or any part of the period between the date when the cause of action arose
and—
(a)
in the case of any sum paid before judgment, the date of the payment; and
(b)
in the case of the sum for which judgment is given, the date of the judgment.
(3)
Where—
(a)
there are proceedings (whenever instituted) before the Tribunal for the recovery of a debt; and
(b)
the defendant pays the whole debt to the plaintiff (otherwise than in pursuance of a judgment in the proceedings),
the defendant is liable to pay the plaintiff interest, at such rate as the Tribunal thinks fit or as rules made under
section 10(3)
may provide, on all or any part of the debt for all or any part of the period between the date when the cause of action arose and the date of the payment.
(4)
Interest in respect of a debt shall not be awarded under this section for a period during which, for whatever reason, interest on the debt already runs.
(5)
Interest under this section may be calculated at different rates in respect of different periods.
(6)
Subsections (1) and (3) are subject to rules made under
section 10(3)
.
(7)
In this
section—
defendant
(
被告人
) means the person from whom the
plaintiff seeks the debt or damages;
plaintiff
(
原告人
) means the person seeking the debt or
damages.