The concept of compound interest is fundamentally entrenched in almost every facet of today’s economic world. Through its recognition of the so called “time value” of both money and interest, compound interest (as opposed to simple interest) has in fact become one of the most fundamental business norms underlying the studies of economics and finance. The world of legal disputes, however, draws a highly contrasting picture with regard to recognising and awarding compound interest. These stark discrepancies among various countries raise a number of questions with regard to the extent to which any form of inhibition on the awarding of compound interest, or in fact its prohibition, would still have a valid existence today.
The talk shall highlight some legal historic, comparative and legal economic aspects pertaining to compound interest in a European framework.
The meeting will be held in the Old Rectory Teaching Room (for a map, see here).
Sandwiches and refreshments will be available from 12.30. The discussion will begin at 1pm.