- Defendant awarded summary judgment on the manner in which a lost profit claim is quantified (Palmali Shipping SA v Litasco SA)
- What are the practical implications of this case?
- What was the background?
- What did the court decide?
- Case details
Dispute Resolution analysis: The net loss approach to the quantification of damages for loss of profit in a breach of contract claim requires account to be taken of costs and expenses for which the claimant would have been liable in law had the contract been performed, even where, in practice, it would not necessarily be required to pay those expenses. Written by Phillip Patterson, barrister, at Hardwicke.
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