Issue 2 of 2017

20 Jun 2017 LawWatch

In this issue, we cover the following:

DEALS

WongPartnership acts in…
Manulife Financial Corporation’s acquisition of PwC Building

CONTRACT

Court of Appeal says no to punitive damages for breach of contract.
Court of Appeal holds that, as a general rule, punitive damages cannot be awarded purely for breach of contract

BUILDING AND CONSTRUCTION

No contractual entitlement to loss of profits where Public Sector Standard Conditions of Contract for Construction Works contract is terminated for convenience by employer.
High Court considers the “termination for convenience” clause under the PSSCOC

CONTRACT

‘General’ indemnity clause – does it cover losses arising from non-payment of principal debt by borrower?
If lenders intend for indemnifiers to be liable for a borrower’s principal debt, then they should say so

LANDLORD AND TENANT

Landlords beware: A landlord should not hinder quiet enjoyment of common property, and should be reasonably quick to confirm renewal of tenancy. 
Extending a landlord’s obligation to give quiet enjoyment beyond leased spaces and implying obligations of reasonable expeditious
renewal into tenancy agreements