Can a breach of one contract give rise to liability for lost profit on a related contract? Or is the loss too "remote"? A Privy Council decision from Monday of this week addressed this issue in the context of a design, build,...more
7/17/2020
/ Appeals ,
Arbitration Awards ,
Breach of Contract ,
British Virgin Islands ,
Construction Project ,
Damages ,
Design-Build-Operate (DBO) ,
Lost Profits ,
Procurement Guidelines ,
Reversal ,
UK ,
UK Privy Council
The case of Doosan Enpure Limited v Interserve Construction Limited represents a rare consideration by the English High Court of a dispute between members of a construction joint venture. The court found that Interserve was...more
10/14/2019
/ Breach of Contract ,
Construction Contracts ,
Construction Industry ,
Contract Disputes ,
Contract Terms ,
Interim Payments ,
Joint Venture ,
Land Developers ,
Profit Sharing ,
Real Estate Development ,
Risk-Sharing ,
UK