LNG is seen by many as an ideal way to meet the ever-increasing demands for greater energy supply and reducing energy poverty, particularly in parts of the developing world, while still addressing the concerns of climate change. The UK Supreme Court has today handed down a significant decision on the interpretation of liquidated damages clauses.
Watson Farley & Williams acted for the successful party, PTT Public Company Limited. Having your cake and eating it: TCC finds Liquidated Damages not invalidated by employer taking over part of the works. In a recent case, the English TCC found that an employer was entitled to claim the full amount of liquidated damages payable upon contractor delay, even though they had taken partial possession of the contractor's works.
Watson Farley & Williams acted for the successful party, PTT Public Company Limited. Having your cake and eating it: TCC finds Liquidated Damages not invalidated by employer taking over part of the works. In a recent case, the English TCC found that an employer was entitled to claim the full amount of liquidated damages payable upon contractor delay, even though they had taken partial possession of the contractor's works.
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