Energiewirtschaft - Öl und Gas

Aktuelle eAlerts

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  28/11/2014

  Großbritannien

  Oil and Gas: consequential loss – another parenthetical profits dilemma

  GB

  In yet another “consequential loss clause” case that will be of interest to the oil and gas industry, the English High Court confirmed that it would construe such a clause in a manner that assumed that a direct loss of profits was not intended to fall within excluded “consequential loss” unless the clause clearly indicated this was the case. As a result, the words “Neither party will be liable to the other for any indirect or consequential loss, (both of which include, without limitation, pure economic loss, loss of profit, loss of business, depletion of goodwill...

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