The Compensatory Principle: A Golden Victory for a New Certainty

• Main Authors: YIP, Man, GOH, Yihan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: Anticipatory breach; Commercial law; Compensation; Intervening events; Measure of damages; Standard forms of contract; Commercial Law; Contracts
• Online Access: https://ink.library.smu.edu.sg/sol_research/1672
• Institution: Singapore Management University

Commercial parties are entitled to know with certainty where they stand in contractual matters. This is especially the case for damages. The majority holding in Golden Strait Corporation v. Nippon Kubishika Kaisha (The Golden Victory) [2007] 2 AC 535 that events subsequent to breach can be taken int...