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Malawi Supreme Court of Appeal - 1999 November

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1 judgment
November 1999
Karonga Manufacture Association v DEMATT (Misc. Civil Appeal 17 of 1997) [1999] MWSC 4 (23 November 1999)
Where a claim pleads an unspecified "bank rate" for interest, the court will apply the Judgment Act rate (5%).
  • Interest — rate to apply where claim pleaded as "bank rate" without specification — commercial versus investment rates — pleading requirements for interest — application of Judgment Act rate (Courts Act s.65) as convenient guide
23 November 1999