Commercial Regulation – Corporate Legislation – Joint Enterprise – Contractual Development of Clause in Joint Venture
The situation of Nearfield Ltd v Lincoln Nominees Ltd and Another [2006], dealt with the situation of the building of a contractual term in an settlement. The 1st defendant was a nominee enterprise of the 2nd defendant. The initial defendant was integrated in the British Virgin Islands. In April 2002, the claimant business entered into […]
Commercial Law – Alleged Breach of Contract – Building Contract – Performance Bonds
The case of Spiersbridge Property Developments Ltd vMuir Construction Ltd [2008] involved a determination relating to an action alleging breach of a building contract. A bank had paid out an amount demanded by the pursuer under a performance bond and it had to be decided, if the demand on the bond exceeded the sum ultimately […]