16 Jun 2018 8:30 AM:

 

Is it the court or the Barrister who works out the legal interest due for return, as I thought the computation for legal interest would be submitted by the Barrister?

I believe it's the court. As this is where I am told the hold up is.

Were costs awarded by the judge or is this being contested by the Bank?

Costs where not awarded. I was advised that I would have to take out another action and the costs did not make it viable.

Are both costs and interest resolved in the one final procedure or are these done separately?

I assume separately.

Thread: Legal intrest payment

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16 Jun 2018 8:30 AM:

 

Is it the court or the Barrister who works out the legal interest due for return, as I thought the computation for legal interest would be submitted by the Barrister?

I believe it's the court. As this is where I am told the hold up is.

Were costs awarded by the judge or is this being contested by the Bank?

Costs where not awarded. I was advised that I would have to take out another action and the costs did not make it viable.

Are both costs and interest resolved in the one final procedure or are these done separately?

I assume separately.

Thread: Legal intrest payment

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15 Jun 2018 12:10 PM:

How my case went and the communication that took place

1. I take the opportunity to inform you that the initial hearing will take place on the 16th March 2016.

2. I have been informed this morning that the Judge has ruled in your favour and awarded you with a full refund of xxxxxxxx Euro and legal interest from the date of the payments. For your information, legal interest ranges around 4%-5% per annum. I estimate that this could easily be in the region of xxxxxxxx Euro.  20th May 2016

3. Let’s start the year with some positive news. The barrister has received the main deposit of 30,570 Euro which can now be transferred to your Euro account if you supply the bank details. He will deduct his costs and send the balance to you. The same will apply to the interest when this is refunded 4th Jan 2017

4. I have now heard from the barrister who has told me that he asked the Court months ago to calculate the interest and legal costs due as well as force the bank to pay for these but the Court has not done it yet. He asked the Court to deal with this in writing not long time ago but still no action from the Court. He has therefore asked our Court Agent to put pressure on the Court.

To date I have still not received any legal interest as ruled by the Judge.

Has anyone had the same issue or recovered the legal interest.

in anticipation many thanks for your assistance.

 

Thread: Legal intrest payment

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