Contract case law update – December 2016
1st December 2016
We hope you enjoyed the first and second editions of our contract case law updates.
In this third edition Nick considers when commitment letters become binding following the Commercial Court’s decision in Novus Aviation v Alubaf, and when “close of business” takes place in the London commercial banking sector following the latest decision in the Lehman Brothers litigation. Natasha Dzameh reviews several recent decisions, ranging from issues of offer and acceptance considered in Arcardis Consulting v AMEC to the recovery of damages for a loss of chance in McGill v Sports and Entertainment Media Group. Emma Price looks at the recent decision on the Brogden bankers’ claim for bonuses and considers the approach taken by the Court of Appeal to the construction of contracts.