The English reformulation of the penalty rule: Relevance in Singapore?
English law on the rule against penalty clauses (“penalty rule”) has had a stable if unsatisfactory formulation for a while. The courts have long distinguished between liquidated damages and a penalty, on the basis that the former is a genuine pre-estimate of loss and that the latter is an unjustifi...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2017
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/sol_research/2136 https://ink.library.smu.edu.sg/context/sol_research/article/4092/viewcontent/EnglishReformulationPenaltyRule_2017__1_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |