How to turn a crisis into a claim
Language: English Series: Building ; 271(8426) 13 April 2006, 60-61(2)Publication details: 2006Subject(s): Summary: Considers whether a claimant is able to recover a sum representing time lost by directors and other staff in overcoming problems caused by a breach of contract by a defendant. In "R and V Versicherung A G v Risk Insurance and Reinsurance Solutions S A and others" ([2004] EWHC 2682 (Comm), unreported), it was decided that damages can be recovered for diversion of internal resources caused by the defendant's breach even where no loss of income can be proved. Lost time and wasted expenditure has to be directly attributable to the breach, and must be quantifiable. It is therefore vital that those involved in rectification work keep accurate notes of time and money spent.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L133201 (Browse shelf(Opens below)) | 1 | Available | 133201-1001 |
Considers whether a claimant is able to recover a sum representing time lost by directors and other staff in overcoming problems caused by a breach of contract by a defendant. In "R and V Versicherung A G v Risk Insurance and Reinsurance Solutions S A and others" ([2004] EWHC 2682 (Comm), unreported), it was decided that damages can be recovered for diversion of internal resources caused by the defendant's breach even where no loss of income can be proved. Lost time and wasted expenditure has to be directly attributable to the breach, and must be quantifiable. It is therefore vital that those involved in rectification work keep accurate notes of time and money spent.