Sat09232017

Last updateTue, 24 Feb 2015 5pm

PERIODICAL PAYMENTS AND LUMP SUMS : A lifetime commitment

28 April 2017  

Jennifer Stone, Nick Leech, Andrew Sands and Nick Martin reflect on the implications of the change in the discount rate

In order to understand the current discount rate, it is useful to appreciate what has led us to this point. For a large portion of the last century, lawyers and judges were reluctant to utilise consistent calculations for the compensation for future losses. This created great uncertainty and arguably unfairness in awards of damages.

Additional Info

  • Case(s) Referenced:

    Cookson v Knowles [1978] UKHL 3

    Hodgson v Trapp [1988] UKHL 9

    Wells v Wells [1998] UKHL 27

Last modified on 03 May 2017