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ICC Award No. 8874, ICC Bull. 10/No. 2 (1999), at 82 et seq.

Title
ICC Award No. 8874, ICC Bull. 10/No. 2 (1999), at 82 et seq.
Content
82

[...]

The existence of such an increased amount, in the case of delays in settling payments, is above discussion: it is a cornerstone of economic and commercial relations. Therefore, the principle of Respondent having to pay not only the contractual amount of...but interests, based on time elapsed since the agreed initial date of payment, cannot be discussed and must be reaffirmed....

[...]
Referring Principles
Trans-Lex Principle: VII.6 - Duty to pay interest
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