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The Maxim of Pacta Sunt Servanda

Pacta sunt servanda is an overriding feature of the law of contract. It is a Latin phrase meaning “agreements must be honoured.” Under this maxim, parties to a contract are under strict obligation to abide by the terms of their agreement. This would simply mean that performance of the respective contractual obligations must be made…

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Global Claims in Construction

laims are unavoidable in the construction industry. They can arise due to several reasons including, but not limited to, changes, delays, unforeseen circumstances, etc. What constitute a claim and how to deal with the same is commonly set out under the different forms of contract. Under a typical FIDIC contract, contractor is required to submit…

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