Insights: Contracts and commercial agreements

The Court of Appeal has provided an important clarification on what is recoverable loss and how exclusion/limitation clauses should be interpreted.

The recent decision in Hoegh and another v Taylor Wessing LLP and another [2022] EWHC 856 (Ch), highlights the importance of the careful choice of words used when referring to a document within a trial witness statement.

Important changes have been made to the classification of commodity codes which will affect all businesses importing and exporting goods (the UK's 2022 Integrated Tariff (incorporating the World Customs Organisation (WCO) changes to the Harmonized Commodity Description and Coding System ("HS2022")).

Many commercial contracts contain "force majeure" clauses which provide that, if certain events occur which are outside the parties’ reasonable control, a party who is unable to meet its contractual obligations will be excused from doing.

Anyone selling crystal balls over the last couple of years has probably had to give some pretty hefty refunds

A recent High Court decision held that onerous and unfair terms within the suppliers standard terms could not be enforced against a commercial customer.