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Business common sense in contractual interpretation: the High Court (UK) considers loan prepayment fees

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • February 18 2013

In a judgment that has surprised many commentators and caused some concern amongst credit providers, a High Court decision has interpreted ambiguous

Titan Steel Wheels Ltd v The Royal Bank of Scotland plc

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • April 12 2010

Titan Steel Wheels ("Titan"), a manufacturer of steel wheels for the 'off-highway' vehicle industry and a subsidiary of a large engineering group, brought a mis-selling claim against RBS in respect of two currency swap derivative products sold to it in June and September 2007