Penalties: the debate continues
02 April 2013
In an article for PLC Construction, James Levy discusses court decisions where they have been asked to consider what happens to money already paid by way of instalments in relation to a contract if the contract is rescinded and the seller retains the property that is the subject matter of the contract. In particular, James refers to Cadogan Petroleum v Global Process Systems and discusses how the case sits with other similar ones.
In an article for PLC Construction, James Levy discusses court decisions where they have been asked to consider what happens to money already paid by way of instalments in relation to a contract if the contract is rescinded and the seller retains the property that is the subject matter of the contract.
In particular, James refers to Cadogan Petroleum v Global Process Systems and discusses how the case sits with other similar ones.
You can read James's full article on the PLC Construction website here.