Not a penalty: Default interest clause upheld in Housse...
27 January 2026
The High Court has clarified how the penalty rule applies to default interest clauses in Houssein v London Credit Ltd [2025] EWHC 2749...
He advises corporate borrowers, institutional lenders, sponsors and individuals on executing financing deals which support his clients’ commercial objectives. His experience spans domestic and cross-border transactions, including leveraged acquisition finance, real estate finance, refinancing, and funds finance.
Jake joined Stevens & Bolton in 2025 from a magic circle law firm, having worked in both London and Singapore. Clients value his clarity, responsiveness and ability to cut through complexity – helping them get deals done with precision and pace.
I move quickly and constructively to get deals done - with my client’s interests front and centre.