Undertaking as to Damages in UK Law
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Assessment of damages under a cross-undertaking
The enforcement of a cross-undertaking in damages, provided by a claimant in order to obtain a freezing injunction against a defendant, can mean a substantial liability for a claimant. This ruling ...
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January 2016: U.K. Competition/Antitrust Litigation Update
The new Competition Appeal Tribunal Fast-Track Procedure for Small-and Medium-Sized Enterprises. On October 1, 2015, significant competition law reforms took effect in the United Kingdom under the ...... ... a new fast-track procedure (“FTP”) for competition damages claims brought before the Competition Appeal Tribunal ("CAT") ... interim injunction without requiring (or by capping) a cross undertaking as to damages ... Types of claims that may be allocated to the ... ...
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(Re)Insurance Weekly Update 27 - 2015
... ... Court of Appeal considers the Misrepresentation Act 1967 and damages in lieu of rescission/avoidance ... issued? Is it appropriate to consider granting an order on an undertaking to issue and serve proceedings forthwith? Is there sufficient urgency to ... ...
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A Summary Of Recent Developments In Insurance, Reinsurance And Litigation Law - 18/11
... ... Landmark Brickwork v Sutcliffe ... Adequacy of cross-undertaking in damages ... http://www.bailii.org/ew/cases/EWHC/QB/2011/1239.html ... ...
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Insurance And Reinsurance - 8 March, 2013
... ... on whether the FSA should be required to give the normal cross-undertaking to third parties on a freezing order application ... usually have to give a standard form of undertaking to pay any damages sustained by either the respondent to the application or any third party ... ...
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Exceptional Circumstances Required To Prevent Bank From Paying Under Letter Of Credit
... ... any damage it suffered as a result of the injunction by the undertaking in damages given by the CEB. On that basis, the Judge concluded that the ... ...
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Thin Ice ' Freezing Assets Across Jurisdictions
... ... not put into place ... The applicant must provide an undertaking as to damages to ... compensate the respondent if it is decided that the ... ...
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HFW Ports & Terminals Update - May 2010
... ... available to unsuccessful bidders were previously limited to a damages claim. Under the new Regulations, claimants are able to challenge the ... injunction, and should not be required to grant a cross undertaking as to damages ... There are likely to be negotiations between ... ...
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Freezing Injunctions in Fraud Cases - Recent Cases
... ... third parties amenable to the English jurisdiction (the usual undertaking as to damages was not deemed adequate) and the need to clarify the Derby ... ...
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Evolving Private Remedies For Competition Infringements In Europe: Class Actions In The U.K.
... ... through Europe's national courts, beginning with a new antitrust damages Directive requiring changes in national laws to facilitate private ... an interim injunction is sought, will be able to satisfy any undertaking as to damages required by the Tribunal. 2. Collective Settlement ... ...
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