In this issue, we cover the following:
DEALS
WongPartnership acts in…
Manulife Financial Corporation’s acquisition of PwC Building
CONTRACT
Court of Appeal says no to punitive damages for breach of contract.
Court of Appeal holds that, as a general rule, punitive damages cannot be awarded purely for breach of contract
BUILDING AND CONSTRUCTION
No contractual entitlement to loss of profits where Public Sector Standard Conditions of Contract for Construction Works contract is terminated for convenience by employer.
High Court considers the “termination for convenience” clause under the PSSCOC
CONTRACT
‘General’ indemnity clause – does it cover losses arising from non-payment of principal debt by borrower?
If lenders intend for indemnifiers to be liable for a borrower’s principal debt, then they should say so
LANDLORD AND TENANT
Landlords beware: A landlord should not hinder quiet enjoyment of common property, and should be reasonably quick to confirm renewal of tenancy.
Extending a landlord’s obligation to give quiet enjoyment beyond leased spaces and implying obligations of reasonable expeditious
renewal into tenancy agreements