Anorthosis Famagusta FC v. Erik Sabo
Anorthosis Famagusta FC v. Erik Sabo
Cypriot club Anorthosis Famagusta disputed the interest rate applied to overdue payments owed to player Erik Sabo, arguing 15% per year was excessive.
CAS placed the rate on a spectrum it has developed through its own case law: above the 5% default rate that applies where a contract is silent, but comfortably below the roughly 18% per year the Swiss Federal Tribunal has previously indicated could still be acceptable in an appropriate case. On that basis, 15% was found to be proportionate rather than punitive.
The appeal was dismissed, and the club was ordered to pay the player CHF 4,000 — a useful, concrete data point for where a contractual interest rate sits on the range CAS actually regards as acceptable.
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