Reficar: why a tribunal awarded a project owner $1 billion despite a $70 million liability cap

Presentation

Limitation of liability provisions are included in nearly every EPC agreement. Claims are often filed that seek to vitiate such provisions, but rarely successful.

Please join King & Spalding to discuss the Reficar v. CB&I case, where the tribunal found a USD $70 million limitation of liability provision in a cost reimbursable contract was unenforceable and awarded Reficar $1 billion in actual damages.

Speakers:

Mike Stenglein (King & Spalding)
Marc-Olivier Langlois (King & Spalding)
Andrea Stauber (King & Spalding)