Why the prescribed interest rate can cost you more than you expect – Moonstone Information Refinery

Why the prescribed interest rate can cost you more than you expect – Moonstone Information Refinery

The prescribed rate of interest might not be something most people think about – until they find themselves in a legal dispute. Whether you’re suing or being sued, this rate can have significant financial implications, particularly when it comes to overdue payments or court-ordered settlements. In a recent post by Norton Rose Fulbright, director Patrick Bracher and associate attorney Michael McCarthy note that the prescribed rate of interest has…