Liquidated Damages in EPC Contracts

24 January, 2019

Borrowers, Lenders and Investors should take note of the recent case of GPP Big Field LLP v Solar EPC Solutions SL (formerly Prosolia Siglio XXI) [2018] EWHC 2866 (Comm) which discusses some interesting issues affecting the application of liquidated damages provisions contained in Engineering, Procurement and Construction contracts (EPC contracts).

 

The case confirms the Courts reluctance to strike out elements of commercial contracts that have undoubtedly been negotiated and established with clear and mutual party objectives in mind.  

 

Click here to read the full article.