Statutory interests in the Member States

Calculation of statutory interest on judicial cooperation in civil and commercial matters can be relevant under several European Union law instruments. However, these instruments do not regulate details on statutory interest and therefore it is national law which stipulates how and on which basis statutory interest rates are to be calculated. In a cross-border case, such information can be relevant and access to such information necessary. Therefore, the European Judicial Network in civil and commercial matters established factsheets which provide information on how statutory interest is defined by the Member States, whether national law provides for statutory interest and if so, on which legal basis and at which rate/amount. Information can also be found on the circumstances and conditions under which these rates apply and how they are calculated.