Recent developments in the world of Credit Hire - Mark Ashley, Pump Court Chambers
06/03/12. Pattni v First Leicester Buses Ltd [2011] EWCA Civ 1384. The issue in this appeal was the Claimant’s entitlement to interest on credit hire charges for the period between the end of the hire of the replacement car and the date of the judgment finalising the claim.
Pattni hired a car on credit terms after his vehicle was damaged in an accident. At trial, his hire claim was reduced to reflect a lower daily rate of hire and a shorter period of hire. The hire agreement required him to pay contractual interest on any outstanding hire charges from the end of the hire period until the charges were paid after settlement of the claim. The claimant sought to...
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