- Proper construction of exclusion clause under refinancing agreement (Nesbit Law Group LLP v Acasta European Insurance Company Ltd)
- What are the practical implications of this case?
- What was the background?
- What did the court decide?
Commercial analysis: The Court of Appeal decided that in interpreting an exclusion clause in a refinancing agreement in relation to recoverable costs under a funding scheme for personal injury lawyers, it had to consider the context. Julia Alaverdashvili, associate at PCB Litigation, comments on the decision that the clause was not concerned with the refinancing agreement itself.
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