Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

Construction law case tracker: key judgments June–December 2015 (archived)

Published by a LexisNexis Construction expert

Practice notes

ARCHIVED: This Practice Note has been archived and is not maintained

The Construction case tracker compiles significant judgments from 2015 (from 1 June 2015 onwards) regarded as pertinent to construction practitioners, with entries arranged in reverse chronological sequence, considered relevant to construction lawyers, with cases listed in reverse chronological order.

December 2015

Case | Judgment date | Summary

Fulton Shipping Inc of Panama v Globalia Business Travel SAU (formerly Travelplan SAU) of Spain [2015] EWCA Civ 1299 — 21 December 2015

Repudiation/damages: The Court of Appeal allowed an appeal concerning the assessment of damages following the ship charterers’ repudiatory breach. The court determined that where a claimant, by way of mitigation, adopted a step arising from the consequences of the breach and taken in the ordinary course of business, and that step conferred a benefit on the claimant, such benefit should generally be brought into account when quantifying the claimant’s loss, unless the step was wholly independent of...

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