Dominic Bright examines one of the most significant construction insolvency cases.
King’s College Construction Law Association (“KCCLA”) debate - Thursday 31st January
Construction is a vital part of the UK economy.
This lengthy and detailed judgment of Richard Salter QC provides a helpful summary of the operation of liquidated damages clauses in commercial contracts and also considers the obligations arising under parent company guarantees and indemnities.
Contract law must be as clear as possible and its rules acknowledged as defaults.