Changes in the construction law and favorable government policy continue to spur Vietnam's construction industry.
Vietnam is the third-largest country in Southeast Asia. Due to favorable government policy and an abundance...more
11/30/2021
/ Breach of Contract ,
Construction Contracts ,
Construction Industry ,
Contract Terms ,
Dispute Resolution ,
Financing ,
Foreign Investment ,
Investment ,
Investors ,
Limitation of Liability Clause ,
Liquidated Damages ,
Vietnam
With a significant and coherent body of case law on construction disputes, Singapore is a hub for resolving many construction disputes across the Asia-Pacific region.
Singapore is a vibrant country in Southeast Asia. With...more
11/29/2021
/ Breach of Contract ,
Construction Contracts ,
Construction Disputes ,
Construction Industry ,
Contract Termination ,
Contract Terms ,
Contractors ,
Financing ,
Limitation of Liability Clause ,
Liquidated Damages ,
Singapore ,
Termination Clauses ,
UK
The construction industry in Indonesia has long been considered the backbone of the country's economic and social development, and regulations are being continuously amended to ease complexity and expedite processes for...more
Liquidated damages clauses are often attacked in common law jurisdictions for being unenforceable "penalties". The test for what constitutes a "penalty" has been reviewed in common law jurisdictions over recent years. Last...more
Liquidated damages provisions in contracts are unenforceable if they constitute a "penalty". The past few years have seen subtle but important shifts in how the concept of a penalty is defined. A recent decision from the...more