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21Jan

Contractural penalties - an important resolution of the Supreme Court

In its resolution dated 20 November 2019, the Supreme Court concluded that an agreement must not provide for a contractual penalty in the event a party rescinds such agreement due to the other party’s failure to perform its financial obligation...
By: Allen & Overy LLP
Source Url: https://www.jdsupra.com/legalnews/contractural-penalties-an-important-26732/

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