Does a change in the rate of interest applied for prejudgment interest on a judgment made against a commercial landlord?
Ontario, Canada
The following excerpt is from Bozzo v. Giampaolo, 2003 CanLII 19194 (ON SC):
The defendants cite and rely on the case of 120 Adelaide Leaseholds Inc v. Thomson, Rogers (1995), O. J. 1449. Paragraph 15 thereof states, inter alia: In commercial judgments, such as this, a small change in the rate of interest to be applied for prejudgment interest will generate substantial increases or decreases in the amounts paid.
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