24th July, 2006. THE JUDICATURE LAW (2004 REVISION)

CAYMAN ISLANDS Supplement No. 14 published with Gazette No. 15, dated 24th July, 2006. THE JUDICATURE LAW (2004 REVISION) THE JUDGEMENT DEBTS (RATES OF INTEREST) RULES 2006 THE JUDICATURE LAW (2004 REVISION) THE JUDGEMENT DEBTS (RATES OF INTEREST) RULES 2006 In exercise of the powers conferred upon the Rules Committee by Section 34 of The Judicature Law (2004 Revision), the following rules of Court are hereby made. 1. Citation These rules may be cited as the Judgement Debts (Rates of Interest) Rules 2006. 2. Interpretation In these rules "the Principal Rules" shall mean the Judgement Debts (Rates of Interest) Rules 1995. 3. Revision of Prescribed Rates (a) The prescribed rates contained in the Principal Rules shall be applied for the purposes of calculating pre-judgement and post-judgement interest (in accordance with Rules 4 and 5 of the Principal Rules respectively) for periods up to the 31st July, 2006. (b) The prescribed rates contained in the schedule to these Rules shall be applied for the purposes of calculating pre-judgement and post-judgement interest (in accordance with Rules 4 and 5 of the Principal Rules respectively) for periods from 1st August, 2006. MADE by the Rules Committee on the __ day of June, 2006. The Hon. Anthony Smellie, QC. Chief Justice The Hon. Sam Bulgin, QC Attorney General Andrew J. Jones, QC. Legal Practitioner Graham Ritchie, QC Legal Practitioner SCHEDULE (Effective from 1st July, 2006) CURRENCY IN WHICH THE JUDGEMENT IS GIVEN RATE OF INTEREST Cayman Islands Dollars 7¼% United States Dollars 7¼% British Pound Sterling 6¾% Canadian Dollars 6¾% Swiss Francs 3½% Japanese Yen 2½% Singapore Dollars 5¾% Hong Kong Dollars 6¾% Euro 5%