REUTERS | Ricardo Moraes

For lawyers, as for football referees, it can be tricky to work out what is and is not a penalty.

The Cavendish Square Holding BV v El Makdessi and ParkingEye Ltd v Beavis litigation was welcomed widely as providing clarity in determining what will amount to an unenforceable penalty clause and what will not (for example, a genuine pre-estimate of damages). Continue reading