Does a post-judgment interest rate need to be greater than the pre-judgement interest rate?
British Columbia, Canada
The following excerpt is from Kitnikone v. Watts, 2001 BCSC 450 (CanLII):
In Anson v. Karoway, [1997] B.C.J. No. 2884 (B.C.S.C.) Burnyeat J. concluded that a Larocque order was unavailable unless “the rates used by actuaries are greater than the post-judgment interest rate”. I agree and make no so-called Larocque order in this case.
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