Does the use of compound interest in determining an award breach section 28.28 of the BCAA?
British Columbia, Canada
The following excerpt is from Teal Cedar Products Ltd. v. British Columbia (Ministry of Forests), 2011 BCSC 360 (CanLII):
The arbitrator referred to McKechnie v. McKechnie, 2005 BCCA 570, in support of his conclusion that the use of compound interest in determining an appropriate award does not breach s. 28. At paras. 35-36 of the decision, Levine J.A., for the unanimous court, stated:
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