As the U.K. faces what the Bank of England recently described as “very challenging” times, with the possibility of the U.K.’s “longest recession since records began,” issuers listed on the London Stock Exchange should pay...more
Even though economic ‘lawful act’ duress exists in English law, its scope in contractual negotiations is “extremely limited”. To set aside a contract under lawful act duress, the defendant must have applied illegitimate...more
This is a round-up of the most interesting finance litigation and contractual developments in 2019. The selection is necessarily subjective and draws from a wide range of cases and developments that are of direct relevance to...more
It is clear that English law permits a party to avoid a contract on the grounds of economic duress but there is some uncertainty as to the circumstance in which a contract may be avoided for economic duress. Requiring...more
In This Issue – Economic duress: will English law assist a party who enters into a contract as a result of a lawful threat of causing economic harm? A Bird on the Ground is Worth One in the Sky: Lessons from ALC v. Far...more
The Court of Appeal has held that there is no economic duress in commercial situations where a party uses lawful pressure or threats to achieve a result to which it genuinely believes itself to be entitled, even if is not...more