Legal developments, case notes and commentary from Ninety Two Chambers.
Legal commentary arranged by practice, with dated publication information and references for further research.
PUBLICATION STANDARDS & SOURCESA lender may take security over trade receivables and future customer payments, then discover on default that funds are being paid into accounts it cannot control.
A listed company may contract with its sponsor group for raw materials, management support, technology or financing.
A financial intermediary applying for a licence may nominate a director as compliance officer to reduce overhead during its initial months.
A service provider may invoice the agreed contract price and receive a lower amount because the customer deducted income tax.
Trade associations perform legitimate functions in training, advocacy and industry standard-setting.
A commercial policy may show a reassuring headline limit but provide materially less protection once deductibles, sub-limits, aggregation clauses and prior claims are taken into account.
An Ijarah facility is often evaluated by its rental schedule and payment obligations.
A generation project can finish construction yet remain unable to dispatch electricity because a grid connection, transmission upgrade, testing approval or dispatch arrangement is incomplete.
A tender may attract technically capable bidders yet produce a challenge because the procuring agency applied a test that bidders could not identify from the published documents.
A public or private employer may take possession of a completed facility, begin using it and still withhold substantial amounts on the basis of unresolved defects or an outstanding final completion certificate.
Lenders assessing a project may be satisfied with its revenue agreement and still face a serious gap if construction responsibility is divided between several contractors.
A purchaser pays an advance under an agreement to purchase property.