Houssein and others (Appellants/Claimants) v London Credit Limited and others (Respondents/Defendants)
Thursday 11 – Friday 12 June 2026
By Appellant’s Notice filed on 12 January 2026 the Appellants appeal an order of the High Court dated 23 October 2025.
Following a trial judgment dated 12 June 2023, both parties appealed. The Court of Appeal overturned key aspects, including the award of 1% monthly default interest and the issue-based costs order, and held that the judge was wrong to find the default interest rate to be a penalty.
The case was remitted to the judge to reconsider costs and the penalty issue, and to allow the First Respondent to pursue a counterclaim for unpaid sums.
The remitted trial concerned whether the default interest rate was a penalty, if so, whether statutory interest was still recoverable, whether the First Respondent’s conduct disentitled it to interest, and whether the Appellants had a set-off against sums owed.
Respondent’s Skeleton Argument
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Day 1
Day 2