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2,643 results found

Article

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…
Article

Gan Partnership | Malaysia | 23 Mar 2021

Contractors' claims in adjudication against subcontractors

When a contractor takes over its subcontractor's works, can the contractor make a claim in adjudication against the subcontractor? Scenarios such as…
Article

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]…
Article

Gan Partnership | Malaysia | 16 Feb 2021

Housing developers beware - aftermath of PJD

The Federal Court recently delivered a landmark decision concerning the delay of delivery of vacant possession for Schedule G and H-type contracts…
Article

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,即违约金不仅可以包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。…
Article

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…
Article

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…
Article

Vedder Price PC | USA | 27 Aug 2020

Recent Liquidated Damages Decision Favorable to Aircraft (and Other) Lessors

These are turbulent times for aircraft lessors and lenders, especially those involved in large lease and financing transactions involving airline…
Article

White & Case LLP | Singapore, United Kingdom | 21 Aug 2020

Claims For Liquidated Damages Against Subcontractors

Main contractors often make claims against subcontractors for liquidated damages for delay. A question that sometimes arises is whether liquidated…
Article

Horizons & Co Law Firm | United Arab Emirates | 18 Aug 2020

Liquidated Damages In Construction Contracts/Disputes

Construction contracts almost always contain a liquidated damages clause allowing the employer to claim compensation for a contractor's failure to…
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