CADOGAN PETROLEUM HOLDINGS LTD v GLOBAL PROCESS SYSTEMS LLC

[2013] Lloyd's Rep Plus 47

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Eder

Sale of goods - Property passed to buyer - Sums paid and owing to seller - Whether seller entitled to recover sums payable and to retain sums paid and the subject matter following termination of sale contract - Construction of contract - Relief from forfeiture - Rule against penalties - Total failure of consideration.