Continue reading "Contracting: Showing the red card"
Contracting: Showing the red card
Jack O’Farrell analyses the implications of a recent decision on penalty clauses ‘The underlying rationale of the doctrine of penalties is that the court will grant relief against the enforcement of provisions for payment in the event of breach, where the amount to be paid or lost is out of all proportion to the loss …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Dunlop Pneumatic Tyre Co Ltd v New Garage & Motor Co Ltd [1914] UKHL 1
- Golden Strait Corporation v Nippon Yusen Kubishika Kaisha [2007] UKHL 12
- Makdessi v Cavendish Square Holdings BV & anor [2013] EWCA Civ 1539
- Scandinavian Trading Tanker Co AB v Flota Petrolera Ecuatoriana [1983] 2 AC 694