Triple Point Technology: At Speed 2
In the second post of this three-part series, Alexander Burrell explores the first issue in the Supreme Court's judgment in Triple Point Technology, Inc v PTT Public Company Ltd – the interpretation of a liquidated damages provision, and in particular how this provision operated in circumstances of termination prior to completion (or acceptance) of the works. This decision will have implications across contract law but in particular in construction contracts. Ruth Keating provides a summary of the facts and decisions of the High Court and Court of Appeal in the first post, here.
You can read Alexander Burrell's full post on our Commercial, Construction and International Arbitration Blog here.