Current issues in contract interpretation – are the purposive sheep or the literalist goats winning? International Trade & Derivatives
The main issues to be covered at this seminar will include:
+ the role of business common sense in contract construction and the decisions of the CA and SC in Kookmin Bank v Rainy Sky.
+ the difficulties that the commercial purpose test can give rise to in practice viewed in the context of the recent cases on freight futures and other derivatives.