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The UK Supreme Court re-visits attribution of directors' knowledge and the illegality defence once more

United Kingdom - November 1 2019 Following the judgments in recent years on attribution to a company of its directors' knowledge in Bilta (UK) Ltd (In Liquidation) v Nazir [2015]…

Jeremy Holden, Ian McDonald.

English High Court holds that reference to compliance with a "mandatory provision of law" in a facility agreement encompasses the risk of being subject to restrictive measures under US secondary sanctions

United Kingdom, USA - October 4 2019 What is meant by the words "a mandatory provision of law"? The English High Court recently considered this question in Lamesa Investments Ltd v…

James Ford, Jason Hungerford, Tom Wild.

Bank entitled to terminate its relationship without notice

United Kingdom - September 20 2019 In a helpful precedent for banks, concerns that an authorised payment institution's customer sub-accounts were vulnerable…

Thomas Ajose, Chris Roberts.

Economic duress - How far is too far?

United Kingdom - June 10 2019 What options are available to a party which finds itself pressured to enter into a contract? It might be possible to undo the agreement…

Tom Wild.

English High Court applies dominant purpose test for litigation privilege to expert reports

United Kingdom - December 6 2018 Following the recent decision by the English Court of Appeal in SFO v ENRC (subject of this Legal Update) in relation to principles governing…

Stephen Moi.