Business Updates - Action Planner
Disproportionate Contractual 'Penalty Clauses' Ban Upheld
Announcement Date: 6th November 2015
Ruling Date: 4th November 2015
UK Ruling: The Supreme Court has ruled that rules prohibiting the enforcement of "penalty" clauses in commercial contracts for breaches apply where the proposed remedy is "out of all proportion" with the interest it aims to protect.
