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Excluding Loss of Profit in Commercial Contracts

Excluding Loss of Profit in Commercial Contracts

Excluding Loss of Profit in Commercial Contracts    Key Points A well-drafted clause excluding loss of profit can prevent one party from recovering lost profits, but courts apply the language's natural and ordinary meaning, making precision in drafting essential. In EE Ltd v...

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Risk: Failure To Prevent Fraud Offence

Risk: Failure To Prevent Fraud Offence

Risk: Failure to Prevent Fraud Offence   On 1 September 2025, the new offence of 'failure to prevent fraud' under section 199 of the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) comes into force. The offence means some companies could be criminally...

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Your Due Diligence Checklist When Buying A Business

Your Due Diligence Checklist When Buying A Business

Your Due Diligence Checklist When Buying A Business It may come as a shock to realise that we are fast approaching the last quarter of 2024. This is a time when directors start consolidating their company's plans for the next year. If yours involves expanding your business...

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