The Latest Word on Prejudgment Interest

The Court of Appeal has held that the trial judge should have taken into account changes in market interest rates when exercising his discretion to award prejudgment interest of 5%.Judgment varied to prejudgment interest at 1.3%.

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Ontario courts have been signalling for some time now that a failure to treat pre-trial conferences seriously will have consequences.  A recent Superior Court of Justice decision may be read as increasing the standard to which insurers will be held for their...