Late payment interest in commercial disputes
April 03, 2020 Court Litigation
One of the most important issues in a commercial lawsuit involving late payments is how the Court will determine late payment interest. In practice, the interest rate is calculated differently depending on whether it is before or after the first-instance hearing and whether there is an agreement about the payment of interest or not. This insight analyzes the terms and application of relevant regulations to help you protect your legitimate rights and interests during court litigation.
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