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International Corporate Rescue

Journal Issues

  • Vol 1 (2004)
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  • Vol 18 (2021)
  •         Issue 1
  •         Issue 2
  •         Issue 3
  •         Issue 4
  •         Issue 5
  •         Issue 6
  • Vol 19 (2022)
  • Vol 20 (2023)
  • Vol 21 (2024)
  • Vol 22 (2025)

Vol 18 (2021) - Issue 1

Article preview

Altera Voyageur Production Limited v Premier Oil E&P UK Ltd [2020] EWHC 1891 (Comm)

Richard Layther, Associate, Freshfields Bruckhaus Deringer LLP, London, UK

Synopsis
The High Court considered the contractual status of worked examples in a contract where the wording of the contract did not correspond with the worked examples. Altera Voyageur Production Limited ('Altera') claimed for an increased daily hire rate for a vessel on the basis of the worked examples. Premier Oil E&P UK Ltd ('Premier') counterclaimed that the worked examples did not reflect the commercial intention of the parties and that the wording of the contract should be preferred. The court held in favour of Altera finding that the worked examples showed the intention of the parties and that these could not be rewritten by the court.

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International Corporate Rescue

"I see a lot of corporate restructuring publications but International Corporate Rescue has struck the right balance of case studies and new technical issues, all wrapped up in a very reader-friendly style."

Alan Bloom, Head of Restructuring, EY, London

 

 

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