Security in the form of bonds and/or guarantees is commonly given in contracts for the building or conversion of vessels to floating production storage and offloading ("FPSO") or floating storage and offloading ("FSO")...more
In a recent decision, the Court of Appeal has awarded substantial damages to the innocent party after a force majeure event, in circumstances where the party seeking to rely on the force majeure event to excuse liability...more
7/25/2019
/ Appeals ,
But For Causation ,
Contract Interpretation ,
Contract Terms ,
Damages ,
Force Majeure Clause ,
Natural Disasters ,
Nominal Damages ,
Reversal ,
Shipping Cargo ,
UK ,
Vessels
The Court of Appeal of England & Wales considered, in respect of a delayed software project, whether a liquidated damages provision survived termination of the contract....more
3/18/2019
/ Appeals ,
Breach of Contract ,
Calculation of Damages ,
Commodities Traders ,
Contract Termination ,
Contract Terms ,
Damages ,
Delay Claims ,
Delays ,
Liquidated Damages ,
Software Developers ,
UK
The High Court of England & Wales considered, in respect of the delayed completion of a solar project, the appropriate end date for liquidated damages under a terminated construction contract....more
2/5/2019
/ Calculation of Damages ,
Construction Contracts ,
Construction Disputes ,
Construction Industry ,
Contract Termination ,
Contract Terms ,
Delay Claims ,
Liquidated Damages ,
Power Plants ,
Solar Energy ,
Termination Clauses ,
UK