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Slaughter and May

Dispute Resolution 2008

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Award LevelStandout
InnovationLords ruling (July 2007) that Sempra Metals was entitled to compound interest on advanced corporation tax payments.
Originality6
Rationale6
Impact7
Total19
DescriptionA landmark judgement of wide application and destined for student textbooks, the latest ruling in Sempra's 12 year litigation recognised that interest payments in the commercial world are calculated on a compound basis.