Is a law firm liable for interest on a judgment that was overturned by the Court of Appeal?
Alberta, Canada
The following excerpt is from Severin v. Veale, 2000 ABCA 180 (CanLII):
Furthermore, when an appeal court upsets a judgment already paid, the repayment carries interest: Rodger v. Comptoir d’Escompte de Paris (1871) L.R. 3 P.C. 465, 40 L.J.P.C. 1, 3-4 (P.C.(H.K.)). Therefore, this allocatur taxing down this law firm’s account to its clients would be expected to draw post-judgment interest from the date of the allocatur, on the amount taxed down but already paid by the clients.
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