Default Interest Rates and ‘ParkingEye’

January 13, 2016

In this article, Robin Kingham considers the circumstances in which default interest rates could be described as ‘unconscionable’ or ‘extravagant’, and therefore amount to penalties, with reference to the recent Supreme Court decision in ParkingEye Ltd v Beavis [2015] UKSC 67 and Commonwealth caselaw.

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