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When is interest and default interest under a loan a penalty? | Dentons

Case update: Ethoz Capital Ltd v Im8ex Pte Ltd and others [2023] SGCA 3 - A “make whole” clause, the sole discretion to vary interest rates, and an “extravagant” default. ....

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California Supreme Court Upholds Liquidated Damages Decision

California Civil Code says liquidated damages provision is presumptively valid or invalid depending on contract. If it involves retail purchase or rental of personal property or services or lease of property for housing, liquidated damages provision is presumptively void. ....

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