Challenge and Enforcement CHALLENGING THE ARBITRATION AWARD The international framework The UK (which comprises, England, Wales, Scotland and Northern Ireland) is a party to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958 (“the New York Convention”) and as a result will recognize and enforce awards made in other contracting …
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Can a contractor challenge the liquidated damages ? Introduction: Challenging Liquidated Damages in Construction Contracts Liquidated damages are a predetermined amount of compensation that a contractor may be required to pay to the project owner in the event of a breach of contract, such as delays or non-performance. While liquidated damages are designed to provide …
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