Neinstein Partner and Head of Litigation, Duncan Embury helps restore fairness for victims, motivating defendants to pay faster.
When it comes to personal injury and medical malpractice cases, interest rates can be material in ensuring plaintiffs receive fair pay in a timely manner. The interest rate had been lowered to 1.3%, meaning people were collecting a very low interest rate on their money when those entitled to pay them were delayed. Recently, the Ontario Trial Lawyers Association intervened with the intent on restoring interest rates and advocating for victims rights. Embury acted for OTLA and was successful at the court of appeal, restoring interest rates to 5%.
As part of an ongoing commitment to better the justice system, this result both protects victims and motivates defendants to pay faster.