F1PART 62ARBITRATION CLAIMS

Annotations:
Amendments (Textual)

III ENFORCEMENT

Interest on awards62.19

1

Where an applicant seeks to enforce an award of interest the whole or any part of which relates to a period after the date of the award, he must file a statement giving the following particulars—

a

whether simple or compound interest was awarded;

b

the date from which interest was awarded;

c

where rests were provided for, specifying them;

d

the rate of interest awarded; and

e

a calculation showing—

i

the total amount claimed up to the date of the statement; and

ii

any sum which will become due on a daily basis.

2

A statement under paragraph (1) must be filed whenever the amount of interest has to be quantified for the purpose of—

a

obtaining a judgment or order under section 66 of the 1996 Act (enforcement of the award); or

b

enforcing such a judgment or order.