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Break Clauses: The letter of the law
Darrell Chiheb reviews a case clarifying the position on break clauses, which reasserts the importance of express over implied terms ‘While it may be tempting for a court to construe an instrument by the inclusion of implied terms to make it fairer or more reasonable, the court will use this power in only exceptional circumstances.’ …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Arnold v Britton & ors [2015] UKSC 36
- Attorney General of Belize v Belize Telecom Ltd [2009] UKPC 10
- Avocet Industrial Estates LLP v Merol Ltd [2011] EWHC 3422 (Ch)
- Ellis v Rowbotham [1900] 1 QB 740
- Marks and Spencer plc v BNP Paribas Securities Services Trust Company Ltd [2013] EWHC 1279 (Ch); [2014] EWCA Civ 603; [2015] UKSC 72
- Philips Electronique Grand Public SA v British Sky Broadcasting Ltd [1995] EMLR 472
- Rainy Sky SA v Kookmin Bank [2009] EWHC 2624 (Comm); [2010] EWCA Civ 582; [2011] UKSC 50
- Shirlaw v Southern Foundries (1926) Ltd [1939] 2 KB 206