Financial Markets Conduct Act 2013

Regulations, transitional provisions, and miscellaneous provisions - Enforcement of overseas pecuniary penalties under application regime

592: Interest

You could also call this:

"Getting extra money, called interest, when someone owes you money"

Illustration for Financial Markets Conduct Act 2013

When you have a registered judgment, you can get interest on the amount you are owed. The interest rate is the same as it would be in the court where the judgment was made. You can get this interest for the same period of time as you would in that court.

You can recover the interest if you can show the High Court how much interest you should get. This means you need to prove to the High Court that you are owed a certain amount of interest. You can find more information about this by looking at the relevant law from 1978.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4091879.


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591: Costs, or

"Claiming back money spent on court costs when enforcing a judgment"


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593: Rules of private international law not to apply, or

"New Zealand courts must enforce a registered judgment, no matter what other countries' laws say."

Part 9Regulations, transitional provisions, and miscellaneous provisions
Enforcement of overseas pecuniary penalties under application regime

592Interest

  1. Interest on the amount of a registered judgment—

  2. is payable at the same rate or rates and in respect of the same period or periods as would be applicable in the court of rendition; and
    1. is recoverable to the extent that the judgment creditor satisfies the High Court as to the amount of the interest.
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