Wrongful Termination and Failed Wasted Costs Claim
By: Nita Mistry
CIS General Insurance Ltd v. IBM United Kingdom Ltd
The Technology and Construction Court has recently handed down authoritative guidance on wasted costs and the characterization of damages arising out of termination of a contract. The court was asked to determine whether the claimant was entitled to recover £128 million in damages for wasted costs arising from the alleged wrongful termination of a contract.
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