This article summarises the recent judgment in Kuvera Resources Pte Ltd v JPMorgan Chase Bank, N.A., where the Singapore Court of Appeal confirmed that an objective approach is to be adopted when interpreting sanctions clauses in letters of credit.
The English Court of Appeal’s recent decision in Shanghai Shipyard Co Ltd v Reignwood International Investment (Group) Company Limited provides important clarification on how the courts will construe such instruments and indicates a movement away from presumptions based on the identity of the guarantor.
This article looks at an English Court of Appeal judgment concerning the effect of a quality certificate which will be of interest to all those involved in the purchase and sale of oil products.
This article looks at the UK Commercial Court decision in BP Oil International Ltd v Vega Petroleum Ltd and another, which is a useful reminder of the English courts’ approach to contractual interpretation.
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.
This article looks at an English Commercial Court decision which highlights the importance of considering the effect of time-bar clauses carefully in order to avoid being prevented from bringing claims in the future.
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.
The decision will be of interest to all commercial parties whose businesses have been impacted by government measures in response to the pandemic.