During construction and commissioning of large-scale energy projects, every day of delay or failure to meet plant performance requirements can result in the owner incurring substantial damages. Indeed ...

We’ve written before about contractual provisions that sometimes go unnoticed or unappreciated. Another such provision is a “liquidated damages” provision. Liquidated damages are a way to agree ...

In a noteworthy decision to participants in the energy industry, the High Court of England & Wales examined what constitutes a valid liquidated damages clause in the event of delayed completion of a ...

In my 40 years of practice, I have consistently found that practitioners do not understand the area of the law dealing with liquidated damages and stipulated sums provisions. Yes, they can quote the ...

Anyone regularly reviewing construction contracts has run across those dreaded liquidated damage clauses. They require contractors to make significant payments to compensate an owner for late ...

Incurring and paying off debts is part of running a business. Even if your bookkeeping is meticulous, you may end up with some debts on your books where the amount owed is a question mark. Those are ...