Triple Point v PTT: Supreme Court Affirms the Orthodox Position Regarding Liquidated Damages Clauses
The case of Triple Point Technology Inc (Triple Point) v PTT Public Company Ltd (PTT) [2021] UKSC 29 has prompted considerable discussion in the construction industry.
United Kingdom, Construction, Insolvency & Restructuring, Litigation, Addleshaw Goddard LLP, House of Lords, UK Supreme Court
A recent decision of the Privy Council dismissing the claim of liquidators of an insolvent hedge fund to claw back redemption payments made to an investor leaves lingering uncertainties for investors generally.
Claw backs post 2008 crisis
Cayman Islands, United Kingdom, Insolvency & Restructuring, Litigation, Addleshaw Goddard LLP, Unjust enrichment, Liquidator (law)
The English courts have been careful to control the circumstances in which a constructive trust will be declared.
Introduction
United Kingdom, Insolvency & Restructuring, Litigation, Addleshaw Goddard LLP, Beneficial ownership, Constructive trust