Category: Breach of Contract

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German company commences High Court litigation over unpaid Letter of Credit

A Letter of Credit is an irrevocable written commitment by a Bank to make payment to a seller, in connection with the export of specific goods, against the presentation of specified documents identified in the Letter of Credit and relating to those goods. If you have a dispute about a documentary credit our expert UK lawyers can assist.

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Worldwide freezing order against Saudi national discharged

In Les Ambassadeurs Club Ltd v Albluewi [2020] EWHC 1313 (QB), the High Court discharged a worldwide freezing order (WFO) obtained by a casino against its customer in finding that the claimant had failed to establish a real risk of dissipation of assets and that there had been material non-disclosures which were directly relevant to the risk.

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Claimant’s Part 36 offer of 99.7% was genuine offer to settle proceedings

In a multi million pound breach of contract case, where there was no substantive defence to the claim and the Defendant accepted summary judgment and liability for the Claimant’s costs, the High Court held that a Claimant’s Part 36 offer to accept only 0.3% less than the full sum being claimed was a “genuine offer to settle” under CPR 36.17(5)(e).

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COVID-19: Government’s non-statutory guidance on responsible contractual behaviour

The Government is strongly encouraging all individuals, businesses (including funders) and public authorities to act
responsibly and fairly in the national interest in performing and enforcing their contracts, to support the response to Covid-19 and to protect jobs and the economy.

Business tenancies under the Coronavirus Act 2020

In light of the current circumstances surrounding COVID-19 which are affecting many small businesses and individuals including commercial landlords, new legislation has been issued to assist these individuals.…

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How will coronavirus (COVID-19) affect commercial contracts?

The global and unprecedented ramifications of the coronavirus (COVID-19) pandemic have exposed many businesses to legal complications and difficulties with their commercial contacts. How will coronavirus affect the…

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Can coronavirus excuse non-performance? How will COVID-19 affect force majeure clauses and breach of contract litigation?

The recent outbreak of coronavirus (COVID-19) has closed schools, cancelled major sporting events, suspended the Premier League, and forced many institutions to close or recommend employees stay at…