another thing to note is that liquidated damages brought up...

another thing to note is that liquidated damages brought up because nomad are want to claim 4 mil in works. In many cases liquidated damages are not brought up if there is good relationship between the parties involve and no money is owing. However because nomad claims that they are owed 4 mil in works why wouldnt they want to hit nomad with them with liquidated damages.

Even if nomad can substantiate the claim of 4 mil(lets hope they do). the party will hit nomad with liquidated damages. it is still 4 mil which is loss from nomad accounts. +and additional 250000 need to pay the rest of the liquidated damages.

Worst case scenario is that nomad cannot substantiate their claim in which case it is another 4.25 out of nomad account. If this really is the case it is really scary..... because it will be harder to borrow extra money from banks, and to pay subbies................ lets hope that nomad learns from this and prevents this from happening again.............