- December 8, 2014
Have you lost interest? Right to recover interest for late payment
A claim for interest will often be the first remedy sought in the event of late payment. As such, it is an issue close to the hearts of contracting parties. It is also often an area of confusion in the Gulf region given the general prohibition on the levying of interest under Islamic Sharia law, … Continue reading Have you lost interest? Right to recover interest for late payment →
- December 2, 2014
How much time have you got? Enforcing contractual notice provisions
This is the second of a three-part blog series in which we consider some key contractual issues in the context of the Qatari and UAE construction markets. In our first blog, we looked at the principle of freedom to contract as a matter of UAE and Qatari law in the context of liquidated damages (LDs). You might … Continue reading How much time have you got? Enforcing contractual notice provisions →
- November 26, 2014
Adjustment of liquidated damages: freedom to contract v unfair windfall
In this first of a three-part blog series we consider some key contractual issues in the context of the Qatari and UAE construction market. We begin with an overview of liquidated damages (LDs) provisions for project delays. We all know that an employer’s entitlement to liquidated damages has a significant impact on contractors and the supply chain. … Continue reading Adjustment of liquidated damages: freedom to contract v unfair windfall →
- October 28, 2014
The Ebola crisis: knowing your force majeure provisions
The rapid spread of the Ebola virus in west Africa is already having an impact on projects and business activities there. As the virus spreads, so will that impact. For example, in August, steel and mining company ArcelorMittal said that contractors working on one of its iron ore mines in Liberia declared force majeure and … Continue reading The Ebola crisis: knowing your force majeure provisions →