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English High Court considers implied duty for commercial parties in finance contract to exercise contractual discretion honestly and in good faith

Allen & Gledhill LLP

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United Kingdom December 20 2012

In SNCB Holding v UBS AG, the English High Court considered the question of the extent to which a commercial party conferred with discretion under a commercial contract is under an implied duty to exercise such discretion honestly and in good faith.

Allen & Gledhill LLP - Kenneth Lim and Tham Hsu Hsien
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Filed under

  • United Kingdom
  • Company & Commercial
  • Litigation
  • Allen & Gledhill LLP

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Reed Elsevier
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