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Interest on arrears (842,-666)

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Keywords: Interest on arrears
Total judgments found: 1

  • Judgment 4093


    127th Session, 2019
    World Health Organization
    Extracts: EN, FR
    Full Judgment Text: EN, FR
    Summary: The complainant filed an application for execution of Judgment 3689.

    Consideration 8

    Extract:

    WHO is required to pay the complainant interest on arrears as ordered by the Tribunal in Judgment 3689. It should be recalled in this regard that such interest simply represents an objective form of compensation for the time that has elapsed since the date on which the principal amount was due, and that the mere fact that there was a delay in the payment of that amount is sufficient to justify payment of interest, whether or not the debtor was at fault (see, for example, Judgment 1403, consideration 8).

    Reference(s)

    ILOAT Judgment(s): 1403, 3689

    Keywords:

    delay in payment; execution of judgment; interest on arrears; interest on damages;


 
Last updated: 02.07.2020 ^ top