The following Dispute Resolution practice note provides comprehensive and up to date legal information covering:
ARCHIVED: this archived Practice Note is not maintained and is for background information purposes only. Further, some of the links may not direct you to the provisions as at the date the guidance in this Practice Note was published.
The year 2016 has seen a number of issues considered in the Court of Appeal and the Supreme Court on some key areas of contract dispute.
In this review of 2016, we consider:
the end of anti-oral variation clauses? (Globe Motors, Rock Advertising)—see below
creating contracts by conduct (Reveille v Anotech)—see below
when contracts must come to an end (MSC Mediterranean v Cottonex)—see below
limiting and excluding liability (Transocean Drilling, Star Polaris, Impact Funding, Nobahar-Cookson)—see below
when are Wrotham Park damages available? (One Step v Morris-Garner)—see below
damages for deceit (OMV Petrom v Glencore)—see below
Two cases in 2016 saw Court of Appeal decisions concerned with the efficacy of anti-oral variation clauses.
In Globe Motors v TRW Lucas Varity the parties had entered into an agreement that contained an anti-oral variation clause, ie that only variations agreed to by the parties in writing were permitted. The issue for the Court of Appeal was whether this precluded purported variation of the contract either by words or conduct. Although their observations were obiter
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Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
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