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Gan Partnership | Malaysia | 9 Nov 2021

Burden of proof in liquidated damages: Cubic Electronics does not apply retrospectively

The Federal Court recently considered the applicability of its earlier decision in Cubic Electronics Sdn Bhd (in liquidation) v Mars Telecommunications Sdn Bhd. The appeals concerned the application of section 75 of the Contracts Act 1950 to the assessment of damages arising out of an agreement's termination. This decision is another illustration that the Court is not bound or restricted to......
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Brodies LLP | United Kingdom | 25 Oct 2021

Contract Breach - What can you do?

Almost all of us will have been affected by some kind of material shortage in recent months - whether that be fresh fruit in your local supermarket or…
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Hill Dickinson LLP | China, Hong Kong, Singapore, etc. | 3 Sep 2021

Updates on the legal position on liquidated damages in Hong Kong, Singapore, and Mainland China

It is common practice to include liquidated damages clauses in a commercial contract, which acts as a pre-estimation of loss so as to provide in…
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White & Case LLP | United Kingdom | 20 Jul 2021

Construction Contracts: Liquidated Damages Recoverable for Period Prior to Termination

In Triple Point Technology v PTT, the Supreme Court of the United Kingdom has restored the orthodox position on how termination prior to completion…
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VCI Legal | Vietnam | 30 Jun 2021

Giá trị pháp lý của thỏa thuận bồi thường thiệt hại ước tính theo pháp luật việt nam

Thỏa thuận bồi thường thiệt hại ước tính (Liquidated Damages) là một chế tài được sử dụng phố biến trong các hợp đồng thương mại nhằm nhằm xử lý các…
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Clayton Utz | Australia | 29 Apr 2021

Liquidated damages of $1 per day applied, and no additional diminution of value damages awarded despite seven month delay to completion

In Cappello v Hammond & Simonds NSW Pty Ltd [2021] NSWCA 57 the Court of Appeal addressed the availability of delay damages for diminution in the…
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Clayton Utz | Australia, Singapore, United Kingdom | 18 Feb 2021

Take care when drafting liquidated damages clauses in your multi-jurisdictional contract

The Supreme Court of Singapore, in the judgment of Denka Advantech Pte Ltd and another v Seraya Energy Pte Ltd and another and other appeals [2020]…
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Duane Morris LLP | USA | 9 Feb 2021

违约金在英美法合同中有效吗?

我们经常在中国法管辖的合同中看到违约金/罚金这样的条款,常常规定如果合同一方不如约履行合同,则需要支付一定数额的违约金给对方。根据我国《合同法》规定,我国对于损害赔偿的范围采纳的是可预见性标准,同样该标准也适用于违约金条款,即违约金不仅可以��括因违约造成的实际损失,还可以包括合同履行后的可得利益。…
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King & Wood Mallesons | China, Hong Kong, Singapore, etc. | 5 Feb 2021

An update on international legal positions——Liquidated damages

In cross-border transactions, parties commonly insert a “liquidated damages” clause in their contracts. Such a clause clearly stipulates the amount of…
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King & Wood Mallesons | United Kingdom | 29 Jan 2021

国际法律立场新动态——违约金

在跨境交易中,当事方通常会在合同中加入“违约金”条款,明确规定违约方应就违约行为支付的违约金金额。此类条款旨在防止当事方违反合同…
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