Tadrous v Tadrous (No. 2)

The case of *Tadrous v Tadrous (No. 2)* concerned an appeal before the New South Wales Court of Appeal, comprising Young and Meagher JJA and Handley AJA. The dispute revolved around the amount of interest secured by a charge, and the court was required to determine the precise sum and the period for which interest was payable.

The central legal issue before the Court of Appeal was the calculation and accrual of interest on a sum secured by a charge. Specifically, the court had to determine the principal amount on which interest was to be calculated and the date from which such interest would accrue, in accordance with section 101 of the *Civil Procedure Act 2005*.

The Court of Appeal ordered that the charge secured the sum of $561,360 plus $426,614.38, resulting in a total secured amount of $987,974.38. It was further ordered that interest would accrue on this aggregate sum from 23 February 2012 until the charge was discharged, pursuant to section 101 of the *Civil Procedure Act 2005*. Additionally, the appellant was ordered to pay the respondent's costs associated with the determination of the interest issue for the period between 1 December 2003 and 23 February 2012.