QCR Spring 2017: Interpreting commercial contracts and excluding consequential losses.
Transocean Drilling v Providence Resources [2016] EWCA Civ. 372.
The English Court of Appeal has overturned a High Court decision on the interpretation of a consequential loss provision in a drilling contract. The judgment provides useful and more general guidance as to how the court will interpret provisions in commercial contracts. It also serves as a reminder of the importance of clearly drafted contractual provisions.
