Quest Fund Placement Limited v FSI SGR SpA
Summary judgment is refused because the contractual construction is difficult, the factual matrix is incomplete and disputed, and there is a real prospect that further evidence at trial could materially affect the outcome. The contract is poorly drafted and contains internal tensions regarding the definition and scope of 'Prospective Investors', and the exclusions in Schedules A and B. The court's preliminary view is that the Placement Fee is likely limited to investors introduced by Quest, but this is not definitively decided at this stage.
Source excerpt
- Contractual interpretation
- Commission agency
- Summary judgment
- Private equity placement fees