A liability clause operated as a single aggregate cap for all claims: Drax v Wipro. Wipro provided software services to Drax under a master services agreement. After a series of missed milestones, ...

The Court of Appeal's recent judgment in Topalsson v Rolls-Royce looks at how the set-off of counterclaims should be addressed as well as interest when it comes to liability caps. Topalsson contracted ...

Looking for some certainty in an often-uncertain field, public companies are increasingly disclosing auditor agreements that place a monetary cap on any liabilities that may arise from accounting ...

Compensation awards to victims of Friday’s Metrolink train crash could easily overwhelm a $200-million cap that Congress imposed 11 years ago on a railroad’s liability in any one accident. The limit, ...

A Senate panel looking into liability issues arising from the Gulf oil spill turned its attention to a liability cap that some lawmakers worry might be used by BP to get out of paying the full cost of ...

The spill commission, in calling for raising the $75 million economic liability limit but neglected to offer a specific proposal, is punting the issue to Congress. “We do recommend a significant ...

WASHINGTON — A top Obama administration lawyer Tuesday asked Congress to get rid of all federal liability caps that protect energy companies such as BP against huge damage payments to fishermen, hotel ...

The U.S. Justice Department said Tuesday that Congress could retroactively impose a higher liability cap on BP to pay for the damage from its growing oil spill, and the company would likely lose if it ...

A compromise between Iowa’s trucking industry and trial lawyers would create new liability protection from lawsuits filed over accidents involving commercial vehicles. The Iowa House, on a 58-42 vote, ...

BP informed a US federal judge that the company is waiving a 75 million US dollar (£47.2m) cap on its liability for certain economic damage claims spawned by the massive Gulf oil spill. In a court ...