We are appointed by a major Jamaican house builder as their UK solicitors in the defence of an appeal to the Privy Council brought by a Jamaican government body against a judgment of the Jamaican Court of Appeal upholding an arbitration award in our client’s favour for compound interest.
The case concerns whether the arbitrator had jurisdiction to award compound interest on our client’s profit at the rate and for the period awarded. The dispute and the arbitration are subject to Jamaican law, but with the highest point of appeal being the Privy Council.
The matter is of great importance to both our client and the Jamaican government, both as to principle and amount, given the prevailing high rates of interest in Jamaica. We are dealing with and co-ordinating all the necessary procedural matters such as Joint Statements of Facts and Issues and Statement of Case, as well as the preparation for and attendance at the hearing.
