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27 September 2013 / Siobhan Jones
Issue: 7577 / Categories: Features , Property
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Up the Telford Creekside

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The law on repudiation has been given welcome clarification, as Siobhan Jones reports

The remedy of repudiation entitles an innocent party to a contract to treat itself as discharged from its obligations under the contract (and the contract as terminated) in circumstances where the defaulting party is in breach. To effect a repudiation and terminate the contract the innocent party must elect to “accept” the repudiatory breach. If the innocent party instead elects to affirm the contract, the contract will not be terminated and the obligations under it will continue.

Questions have abounded as to whether a repudiatory breach can be “cured” (thus depriving the innocent party of the remedy), the distinction between actual and anticipated breaches, and the date on which an assessment of breach is to be made. These questions were neatly dealt with by the Court of Appeal in Telford Homes (Creekside) Limited v Ampurius Nu Homes Holdings Limited [2013] EWCA Civ 577; [2013] All ER (D) 305 (May).

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MOVERS & SHAKERS

Walkers—Muriel Marseille

Walkers—Muriel Marseille

Ashurst's Chief Risk Officer joins Walkers

Excello Law—John Osborne

Excello Law—John Osborne

Northern family lawyer John Osborne joins Excello

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

mfg Solicitors—Rebecca Rogers, Kennedy Langley & Victoria Griffiths

Trio of promotions announced at Kidderminster law firm mfg Solicitors

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The Chancery Division's long history comes to an end this autumn as it is reborn as the Business and Property Division, prompting questions over whether the shake-up is really necessary
The Financial Conduct Authority (FCA) continues to show that failing to disclose regulatory issues can attract harsher consequences than the original misconduct itself
Rejecting a generous settlement can prove an expensive mistake, as two recent high-profile cases demonstrate
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