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Settlement at Interim discount rate

Yesterday Philip Grundy obtained Court approval for a settlement sum of £4.5m for a 37-year-old, high level functioning traumatic brain injury Claimant, using the new discount rate multipliers. The offer was made two days before the start of a trial which was estimated to last between five and seven days and involve four experts on each side and 11 witnesses. The settlement sum was approved at the interim discount rate of -0.75%, before the Government announcement last Thursday that the discount rate will be set at between 0 and 1%.