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India now plays a crucial role in the Indo-Pacific region. But how will the country define its approach as the region takes on new geopolitical importance?
1. China Contract Damages This must be China contract damages week. I say that because in cleaning up months of emails I came across three interesting emails on contract damages (similar to liquidated damages under common law). Before I discuss those three emails, I will explain what contract damages are and why they are so important in just about all China contracts. Contract damages refers to a contract provision setting out the damages for breach. The typical contract might have a provision saying if Party X breaches this contract, Party Y is entitled to $100,000 in contract damages. Som...