000			01942cad a22002055a 4500
001			L138433
008			070606e20070320xxk f w 000 0 eng d
035			_a(Sirsi) u138433
041	0		_aeng
245	0	0	_aClaymore Services Ltd v Nautilus Properties Ltd _h[electronic resource]
260			_c2007
520			_a[2007] EWHC 805 (TCC), 20 March 2007. Considers the application of interest in the event of non-payment. Claimant contractor (C) issued proceedings against defendant property owner (N) for payment for building work carried out at N?s property. Prior to the trial, C had accepted there was no contract and claimed the sums should be paid as a quantum meruit, and it was agreed N would pay £750 000 to C. The court had to determine the period during which interest should apply and to fix an appropriate rate. C argued that interest should start to run from the date of completion of its works or from June 2004 when N had had time to consider C's final accounts. N contended that no interest should be payable until the sum due to C became apparent in December 2006. "Held": judgment in part for C. Where a claim was based in quantum meruit, interest for non-payment should only run from the date when the sum due was ascertainable, which in this case was June 2004. However, as C was guilty of unreasonable delay in commencing litigation, the interest payable to C should be reduced by 50% for one year.
590			_aKA
650	2	4	_aCLAYMORE SERVICES LTD V NAUTILUS PROPERTIES LTD
651		4	_aEngland and Wales _y1543-
690			_aMANAGEMENT-DISPUTE AVOIDANCE, MANAGEMENT AND RESOLUTION-DISPUTE MANAGEMENT AND RESOLUTION-ALTERNATIVE DISPUTE RESOLUTION-ADJUDICATION
690			_aBUILT ENVIRONMENT-CONSTRUCTION MANAGEMENT-BUILDING CONTRACT ADMINISTRATION
856	4	0	_uhttps://www.bailii.org/cgi-bin/markup.cgi?doc=/ew/cases/EWHC/TCC/2007/805.html _zView the judgment free of charge at www.bailii.org...
942			_n0
999			_c78869 _d78869