Article
Loss Of Bargain Damages Recoverable Without A Repudiatory Breach
When a ship seller misses delivery deadlines due to negligence and the buyer cancels the contract, who benefits from any increase in the vessel's value during the delay? The Supreme Court has now definitively answered this question in a landmark ruling that clarifies compensation rights under express contractual clauses, potentially reshaping how parties draft and interpret cancellation provisions in commercial contracts.
A&O Shearman