CPR Part 36 beware – enhanced interest on damages and indemnity costs

In the case of OMV Petrom SA v Glencore International AG [2017] EWCA Civ 195, the Court of Appeal considered the rate of interest on damages and indemnity costs that it should award under CPR 36.14 when a defendant does not accept a claimant’s Part 36 offer and the claimant beats this offer at trial.

Giles Tagg and Melissa Evans discuss the facts of the case and comment on how this will impact similar cases going forward.

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