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Right to forfeit instalment payments where a contract is rescinded (Commercial Court)
Practical Law UK Legal Update Case Report 8-524-2976 (Approx. 6 pages)
Right to forfeit instalment payments where a contract is rescinded (Commercial Court)
by PLC Dispute Resolution
In Cadogan Petroleum Holdings Ltd v Global Process Systems LLC [2013] EWHC 214 (Comm), the court considered whether the claimant seller was entitled to keep instalment payments and to receive from the buyer sums outstanding at the date of termination of the sale agreement.
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Resource ID 8-524-2976© 2024 Thomson Reuters. All rights reserved.
Published on 20-Feb-2013
Resource Type Legal update: case report
Jurisdictions
Related Content- England
- Wales