What are the consequences of a decision not to appeal against an 18% reduction in the interest rate on an appeal?
British Columbia, Canada
The following excerpt is from Azad v Mrsic, 2020 BCSC 1534 (CanLII):
The interests of justice include the finality of litigation on its merits: Danyluk v. Ainsworth Technologies Inc., 2001 SCC 44 at para. 18. The appellant had the benefit of legal counsel with respect to the dispute between the parties even though counsel did not accompany the appellant at the hearing before Master Muir. The appellant had the opportunity to appeal within the time limit prescribed by the Rules. He did not do so. He had the opportunity to apply for an extension of the redemption period and did not do so, either before it expired or since. He was aware at all times the interest rate was 18 percent, as is reflected in the evidence before me.
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