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May 27, 2024 | 
mondaq.com | Mike Stewart |Mary Lindsay |Adain Bailey
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Gowling WLG
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Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams apply in-depth sector expertise to understand and support our clients’ businesses.
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May 23, 2024 | 
lexology.com | Mike Stewart |Mary Lindsay |Adain Bailey
Construction projects are almost always time-critical, and delays to the completion of a project have the potential to result in significant financial losses for the parties. As such, construction contracts generally require contractors to: (i) complete "the Works" by a specified date in accordance with an agreed schedule, (ii) at an appropriate level of quality and (iii) for an agreed price.
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May 21, 2024 | 
mondaq.com | Mike Stewart |Peter Anagnostou |Mary Lindsay |Annie O'Sullivan
The International Federation of Consulting Engineers
("FIDIC") provides a suite of standard form contracts for
use on construction projects. They are the most widely used form of
contract on international construction projects and their
popularity is owed in part to the World Bank's use of FIDIC
contracts on its funded projects.
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Mar 14, 2024 | 
lexology.com | Mike Stewart |Mary Lindsay |Adain Bailey
International construction and infrastructure projects are, by nature, often highly complex and technical, involving multi-tiered stakeholders and are usually long in duration. These features frequently give rise to claims for time and additional money. Without a mechanism in place to resolve these disputes in real time, costs tend to increase, relationships may well sour and there will be an adverse effect on the project as a whole.
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Dec 22, 2023 | 
mondaq.com | Mike Stewart |Mary Lindsay
True concurrent delay is the occurrence of two or more delay
events at the same time, one an Employer Risk Event and the other a
Contractor Risk Event, the effects of which are felt at the same
time.
This article is part of our ongoing Back to Basics series, which
sets out the basics of English law, as they relate to key
construction topics.
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Dec 14, 2023 | 
lexology.com | Mike Stewart |Mary Lindsay
True concurrent delay is the occurrence of two or more delay events at the same time, one an Employer Risk Event and the other a Contractor Risk Event, the effects of which are felt at the same time. This article is part of our ongoing Back to Basics series, which sets out the basics of English law, as they relate to key construction topics.
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Nov 23, 2023 | 
mondaq.com | Gordon Bell |Mary Lindsay |Christopher Richards
In The Federal Republic of Nigeria v Process &
Industrial Developments Limited [2023] EWHC 2638 (Comm),
Mr Justice Knowles in the Commercial Court considered a challenge
to two arbitral awards. Not only is this a very rare example of a
successful challenge to an award under Section 68 of the
Arbitration Act 1996 ("the Arbitration Act"), but it
contains excoriating commentary on the conduct of the arbitration.
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Nov 21, 2023 | 
lexology.com | Gordon Bell |Mary Lindsay |Christopher Richards
In The Federal Republic of Nigeria v Process & Industrial Developments Limited [2023] EWHC 2638 (Comm), Mr Justice Knowles in the Commercial Court considered a challenge to two arbitral awards. Not only is this a very rare example of a successful challenge to an award under Section 68 of the Arbitration Act 1996 ("the Arbitration Act"), but it contains excoriating commentary on the conduct of the arbitration.
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Nov 10, 2023 | 
mondaq.com | Mike Stewart |Mary Lindsay
Liquidated damages (LDs, or sometimes referred to as
"liquidated and ascertained damages" or LADs) are an
agreed or pre-determined level of damages, which can be deducted by
an innocent party from a defaulting party in the event of certain
contractual breaches. Very often, they are deducted in respect of
delay, although they can also be deducted when there has been a
failure in performance.
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Nov 7, 2023 | 
lexology.com | Mike Stewart |Mary Lindsay
Liquidated damages (LDs, or sometimes referred to as "liquidated and ascertained damages" or LADs) are an agreed or pre-determined level of damages, which can be deducted by an innocent party from a defaulting party in the event of certain contractual breaches. Very often, they are deducted in respect of delay, although they can also be deducted when there has been a failure in performance.
