Regulation 19
Prescribed rate of interest under section 222 of Act
of Insolvency, Restructuring and Dissolution (Judicial Management) Regulations 2020
Subsidiary LegislationIn forceProvision 19 of 58
Regulation 19
For the purposes of section 222(1) and (2)(b)(ii) of the Act, the prescribed rate of interest for interest allowed on a debt is the rate of interest on judgment debts provided for under the Rules of Court for the time being in force.