Interest Paid Is Recoverable In Damages
Client Alert | less than 1 min read | 10.15.07
In Systems Fuels, Inc. v. U.S. (Oct. 11, 2007), a spent nuclear fuels case, DOE argued that interest costs incurred by the contractor in substantial part due to DOE's breach of contract could not be recovered under the "no interest" rule. The court noted the difference between a company paying interest (an expense) or receiving interest (an asset) and held that interest actually paid is an expense that can be recovered as a breach damage to the extent incurred as a cost of borrowing.
Contacts
Insights
Client Alert | 5 min read | 07.14.25
The European Commission issues competition guidance in the transport sector
On July 9, 2025, the Directorate-General for Competition within the European Commission issued two informal guidance letters, both intended to bring increased clarity on competition law compliance to companies in the transport sector.
Client Alert | 4 min read | 07.11.25
Client Alert | 7 min read | 07.11.25
President Trump’s “One Big Beautiful Bill” Makes Changes to Medicaid
Client Alert | 4 min read | 07.11.25