Landmark ruling means contractors still face having to pay liquidated damages if job is late

By Dave Rogers2021-07-20T05:00:00

Source: Shutterstock

Supreme Court overturns earlier decision which said firms weren’t liable for LADs if contract was terminated

Lawyers are warning that firms booted off jobs can still be liable for liquidated damages, after the Supreme Court overturned an earlier legal decision last week.

The case involved a row between PTT, a Thai state-owned oil and gas company, and a US software firm called Triple Point – with the contract between the two overseas firms having English jurisdiction.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community