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With the steady growth in the use of the internet for e-commerce has come the introduction of legislation to protect the interests of their customers and users.
The recent Part 8 decision in Hurley Palmer Flatt v Barclays Bank Plc considered the application of the Contract (Rights of Third Parties Act) 1999 (the Act) and whether a third party could rely on the contractual right to adjudication.
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This article considers why this sort of declaration would ever be allowed to come into existence and what risks its existence poses to a company which conceived it.
Dentons (United Kingdom)
Mr Justice Andrew Smith has handed down judgment in a claim by Credit Suisse against a Dutch social housing foundation, Vestia, for the sum of approximately €83 million.
Ensuring your rates of liquidated damages are a "genuine pre-estimate of loss" is no longer enough to ensure that they will not later be held to be a penalty.
Hausfeld & Co LLP
The Department for Business, Innovation and Skills commenced a consultation process last year, culminating recently in 2014 with proposals for legislative change.
There is a common misunderstanding in the charity world that tax avoidance, and its ugly sister - tax abuse, cannot be regarded as applying to charities except where charities are 'hijacked' to line the pockets of wealthy ostensible donors.
Smith & Williamson
Investing in smaller businesses can often be viewed as risky. But there can be significant tax incentives for investing in some companies.