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Cruise Ship Refurbishment Delay Leads to Euros 770,000 Payout

Contractual deadlines can be very tight and the financial consequences of breaching them are often severe. In one case which underlined the point, a cruise ship operator won Euros 770,000 in damages from a shipyard after a major refurbishment of its flagship was held up for a month, largely due to strike action. The contract price was over Euros 14 million and...

Business Confidence in Negative Territory, Says ICAEW

The latest business confidence survey from the Institute of Chartered Accountants in England and Wales (ICAEW) shows a continuing weakness in business confidence post Brexit right across almost all of the UK and affecting most business sectors. It is the first time that business confidence has moved into negative territory for four years and the loss of...

Insurance Act 2015 Now In Force

The Insurance Act 2015 came into force today. In practical terms, the effect of the Act is to reduce the number of ‘technical’ defences that can be used by insurance companies to avoid paying out on claims. Under the Act, where there is a breach of the policy conditions the success of a claim will depend on whether or not the breach increased the...

Neutral Lawyers Well Placed to Defuse Neighbours’ Disputes

Disputes between neighbours blight the lives of all involved – but a good lawyer can provide the neutral voice needed to achieve peace. In one case, intractable discord between the owners of two rural homes had serious financial consequences when the sale of one of them at the full asking price fell through. Couple A owned a country house and adjoining...

Cancellation of Middle East Stage Show Triggers £500,000 Claim

Contracting with overseas companies, particularly those controlled by foreign states, can create particular legal difficulties, making it all the more important to have a professionally drafted agreement in place. One case that illustrated the point involved a theatre and production company which claimed £500,000 in damages after cancellation of a show in the...