Q&As

How is interest on a settlement sum dealt with where a Part 36 offer is accepted after the Relevant Period has ended?

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Published by a ÀÏ˾»úÎçÒ¹¸£Àû Dispute Resolution expert
Published on: 30 June 2015
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Note: we have based this answer on the assumption that the relevant Offer was made on or after 6 April 2015 and, therefore, that the revised Part 36 applies. We have Practice Notes on the position pre and post 6 April 2015 (and transition provisions) in our subtopic: Part 36 offers.

A Part 36 offer to pay or to accept a sum of money in Settlement of the claim will be treated as inclusive of all interest until the date on which the Relevant Period expires or,

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Jurisdiction(s):
United Kingdom
Key definition:
Settlement definition
What does Settlement mean?

The payment or collection of proceeds after trading a security. Settlement usually takes place some time after the deal and price are agreed.

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