A case of two halves
In our last blog Katy Saunders said farewell to the World Cup whilst also discussing key personnel LDs, in Bluewater Energy Services Limited BV v Mercon Steel Structures. While any mention of liquidated damages in the TCC sparks almost as much water cooler chatter as Luis Suarez’s appetite, this post discusses another interesting outcome from Bluewater.
Bluewater also tackled the issue of a party’s right to exercise discretion, and comments on how a good faith clause might affect such a right. With good faith clauses becoming more commonplace in construction contracts, it is important to consider their effect on how we interpret the contract as a whole. Continue reading