The main purposes of the Coal Industry Act 19941 are to provide for the establishment of the Coal Authority2 and for the restructuring of the coal industry3. To achieve this the Coal Industry Act 1994 provides for the transfer of property, rights and liabilities4 of the British Coal Corporation5 and its wholly-owned subsidiaries to other persons6, and for the British Coal Corporation to lose its exclusive powers and duties of searching for, boring for, working and getting the coal in Great Britain
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This Practice Note considers the different categories of contractual damages that may be available for financial loss (pecuniary loss), ie expectation-based damages, reliance-based damages and gains-based damages.For guidance on contractual damages generally, see Practice Note: Contractual
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