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Having your cake and eating it: TCC finds Liquidated Damages not invalidated by employer taking over part of the works20 August 2021
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.
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.
Watson Farley & Williams has successfully represented PTT Public Company Limited – Thailand’s state-owned oil and gas company – before the UK Supreme Court in the case of Triple Point Technology, Inc v PTT Public Company Ltd.