Legal News

Court considers interim payments under joint venture agreement (Doosan v Interserve)

Published on: 03 October 2019
Published by: LexisPSL
  • Court considers interim payments under joint venture agreement (Doosan v Interserve)
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?
  • Case details

Article summary

Construction analysis: The Technology and Construction Court granted summary judgment and declared that the defendant had breached a joint venture (JV) agreement by refusing to authorise the release of interim payments from the JV account to the claimant (who was the other JV party). The court rejected the defendant’s submission that such payments were to be adjusted in accordance with target cost pain/gain sharing principles. or take a trial to read the full analysis.

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