Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

AZIMUT-BENETTI SPA v HEALEY

[2011] Lloyd's Rep Plus 29

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Blair

Contract - Penalty clause - Contract for construction and sale of luxury yacht - Whether termination clause a penalty or liquidated damages - Guarantee - Whether guarantor liable even if termination clause was a penalty.

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