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Court of Appeal upholds knock-for-knock indemnities in commercial contract
Practical Law UK Legal Update Case Report 5-626-7364 (Approx. 10 pages)
Court of Appeal upholds knock-for-knock indemnities in commercial contract
The Court of Appeal has upheld knock-for-knock indemnities applicable to both parties to a commercial contract, with the result that a contractor succeeded in excluding liability for consequential loss as defined in the contract. The court relied on the plain meaning of the indemnities and declined to adopt a restrictive interpretation. (Transocean Drilling UK Ltd v Providence Resources plc [2016] EWCA Civ 372)
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Resource ID 5-626-7364© 2024 Thomson Reuters. All rights reserved.
Law stated as at 21-Apr-2016
Resource Type Legal update: case report
Jurisdictions
Related Content- England
- Wales