We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
Lexology logo
  Request new password

Search results

Order by most recent / most popular / relevance

Results: 1-10 of 26

Interpretation of ambiguous commercial contracts: will common sense prevail?

  • Borden Ladner Gervais LLP
  • -
  • Australia, United Kingdom
  • -
  • January 19 2012

In England, yes; in Australia, apparently not

Business common sense and the interpretation of commercial contracts

  • McCarthy Tétrault LLP
  • -
  • Canada, United Kingdom
  • -
  • November 11 2011

What role does business common sense play in the interpretation of commercial contracts?

Legal and market developments in Russia - summer autumn 2012

  • Clifford Chance LLP
  • -
  • Russia
  • -
  • November 7 2012

Russia Update: Legal and market developments in Russia Summer Autumn Issue 2012 Macro Updates

Common sense counts when construing commercial contracts

  • RPC
  • -
  • United Kingdom
  • -
  • November 17 2011

In Rainy Sky S.A and six others v Kookmin Bank 2011 UKSC 50, the Supreme Court provided useful guidance on the role of business common sense in construing a clause in a commercial contract, particularly in circumstances where there are competing plausible constructions, neither of which is clearly preferable on the language used alone

Wuhan Guoyu Logistics Group Co Ltd & Others -v- Emporiki Bank of Greece SA

  • Fenwick Elliott Solicitors
  • -
  • United Kingdom
  • -
  • January 31 2013

The recent Court of Appeal case of Wuhan Guoyu Logistics Group Co Ltd & Others v Emporiki Bank of Greece SA reversed the first instance decision of

Liability of banks for refusing payment under letters of credit

  • Morton Fraser
  • -
  • United Kingdom
  • -
  • September 20 2011

In Fortis Bank SANV v Indian Overseas Bank, the court considered the liability of a bank for failing to honour five letters of credit issued by it

Refund guarantee doesn’t extend to the insolvency of the builder

  • Morton Fraser
  • -
  • United Kingdom
  • -
  • February 16 2011

In our Spring 2010 e-news we reported on the case of Kookmin Bank which dealt with the interpretation of a refund guarantee between Kookmin Bank (the "Bank") and the customer of an insolvent shipyard

Time bars and indemnities - commercial sense and certainty

  • Kennedys
  • -
  • United Kingdom
  • -
  • December 1 2011

We highlight two recent English legal decisions involving demurrage claims and time bars, and a Uniform Customs and Practice for Documentary Credits (UCP 600) case involving indemnities under a credit facility and the obligations of a confirming bank

Court of Appeal holds that a payment guarantee issued in respect of an instalment due under a shipbuilding contract was an “on-demand” bond

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • December 12 2012

Reed Smith (Charlie Weller) has represented the successful Appellant in Wuhan Guoyu Logistics Group Co Ltd v Emporiki Bank of Greece SA 2012 EWCA Civ 1629

Obligation to pay on demand means just that

  • Wragge & Co LLP
  • -
  • United Kingdom
  • -
  • November 24 2009

On demand guarantees entitle the beneficiary to payment regardless of a dispute in the underlying contractual relationship