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CONTRACT: Hedging your bets

01 February 2013  

Andrew Savage and Andrew Waters consider the recent Court of Appeal decision in Standard Chartered Bank v Ceylon Petroleum Corporation

The Court of Appeal’s decision in Standard Chartered Bank v Ceylon Petroleum Corporation [2012] is the latest in a series of decisions concerning capacity in the context of derivative contracts that stretches back to the early 1990s and the House of Lords’ well-known decision in Hazell v Hammersmith and Fulham LBC [1992].

 

Additional Info

  • Case(s) Referenced:

    Citibank NA v CPC (Unreported)

    Hazell v Hammersmith and Fulham LBC [1992] 2 AC 1

    Standard Chartered Bank v Ceylon Petroleum Corporation [2012] EWCA Civ 1049