Legal News

‘An SPV with no P’: excluded operations, waiver of jurisdiction and stay of enforcement (Equitix v Bester Generacion)

‘An SPV with no P’: excluded operations, waiver of jurisdiction and stay of enforcement (Equitix v Bester Generacion)
Published on: 12 February 2018
Published by: LexisPSL
  • ‘An SPV with no P’: excluded operations, waiver of jurisdiction and stay of enforcement (Equitix v Bester Generacion)
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?
  • Excluded operations
  • Reservation of rights
  • Stay of execution
  • Case details

Article summary

Construction analysis: The court considered a number of issues arising out of an adjudication on a failed project for the construction of a biomass energy plant. An adjudicator awarded the employer £9.8 million on the termination of the project. This was held to be enforceable, but the contractor was only required to pay £4.5 million to the employer, with a further £1 million paid into court. Adam Temple of 4 Pump Court Chambers considers the judgment and its implications. or take a trial to read the full analysis.

Popular documents