Credit Hire Update (McBride and Clayton)

Following a number of prior High Court decisions in Northern Ireland and England, it has been a matter for Insurers to establish the basic hire rate in challenging the recovery of the credit hire rate by Credit Hire Organisations (CHOs).  In recent months in Northern Ireland the judiciary have been universally rejecting evidence presented by Insurers, at Trial, on the basis that it does not demonstrate the basic hire rate, making it increasingly difficult to challenge these claims on the grounds of rate.  A decision handed down by the Court of Appeal in England, on 15 March 2017, does however help clarify the position and makes encouraging reading for Insurers.

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Mar, 23, 2017