England and Wales Case Law

Alphier Capital Two LLP v Blyvoor Gold Capital (Pty) Ltd

Exotix was entitled to a fee under the Tripartite Agreement only if its actions helped to place the investments with Orion. The court found that Exotix performed the required services and its actions contributed to securing the Orion funding, satisfying the contractual requirements. The express terms did not require a stricter 'effective cause' standard, nor was such a term implied.

Source excerpt

• Brokerage agreements
• Success fee entitlement
• Contractual interpretation
• Implied terms
• Effective cause requirement

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The Hellenic Republic v Wilmington Trust (London) Ltd

The Hellenic Republic v Wilmington Trust (London) Ltd [2026] EWHC 1049 (Comm) (06 May 2026)

The High Court held that Greece validly exercised its purchase option for GDP-linked securities and correctly calculated the Call Price under Condition 6.1.

• Sovereign debt restructuring
• Interpretation of financial instruments
• Declaratory relief
• Trustee obligations
• Calculation of market price
• Implied terms

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Rajiv Shukla v St James Bank & Trust Company Ltd & Anor

The Commercial Court held that a non-recourse securities lending deal was a secured loan, not a sale, and granted summary judgment, damages, an interim payment, and an account.

• Secured lending
• Non-recourse loans
• Equity of redemption
• Clogs and fetters
• Summary judgment
• Implied terms

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KSY Juice Blends UK Limited v Citrosuco GmbH (No 2)

The High Court assessed damages after a Court of Appeal remittal in a Wesos supply dispute, fixing the reasonable market price, deductions, and interest.

• Damages for breach of contract
• Implied terms
• Sale of goods
• Calculation of reasonable price
• Interest on damages
• Damages-for-breach-of-contract

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Ksy Juice Blends UK Ltd v Citrosuco GmbH

Ksy Juice Blends UK Ltd v Citrosuco GmbH [2026] EWHC 764 (Comm) (30 March 2026)

High Court damages judgment on a Wesos supply contract, assessing non-acceptance losses, reasonable market price, deduction of avoided costs, and interest.

• Damages for non-acceptance
• Implied terms
• Sale of goods
• Assessment of damages
• Interest on damages
• Commercial-contract-damages

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Stonegate Farmers Limited v Chucks Farm Limited

The arbitrator committed a serious procedural irregularity by finding and applying an implied term as the basis for a damages award without giving Stonegate a reasonable opportunity to address the point. The implied term was not sufficiently 'in play' prior to the award, and the arbitrator’s failure to invite submissions on it breached section 33(1)(a) of the Arbitration Act 1996. This breach caused substantial injustice to Stonegate, as they had a reasonably arguable case against the implied term and the resulting damages award. The award must be remitted to the arbitrator for reconsideratio…

Source excerpt

• Serious procedural irregularity
• Implied terms
• Damages for breach of contract
• Arbitrator's duty of fairness
• Remittal of arbitral award

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Nicholas William Nicholson & Anor v Insolvency Practitioners Association & Ors

The High Court held that the IPA held IP bond claim rights on trust for insolvency estates and that section 234 could require transfer of those rights.

• Express trust creation
• Implied terms
• Public vs private functions
• Assignment of claim rights
• Section 234 insolvency act 1986
• Insolvency

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Sousou Connect Ltd v Abel

Sousou Connect Ltd v Abel [2026] EWHC 665 (Comm) (20 March 2026)

The High Court dismissed SCL’s claim that an oral capital-introduction deal was struck at Annabel’s, and rejected its alternative quantum meruit claim.

• Oral contracts
• Quantum meruit
• Capital introduction agreements
• Success fees
• Implied terms
• Restitution for services rendered

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Amir Uddin Ahmed v Harun Miah

The High Court dismissed an appeal over a disputed community compromise, holding there was no binding contract because repayment terms were too uncertain and legal relations were not intended.

• Intention to create legal relations
• Implied terms
• Accord and satisfaction
• Uncertainty in contract
• Community arbitration
• Contract-law

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Anheuser-Busch International Inc and another v Commonwealth Brewery Ltd (The Bahamas)

The Privy Council held that three and a half months’ notice reasonably terminated a long-running distributorship, and dismissed the appeal.

• Implied terms
• Reasonable notice
• Termination of distributorship agreements
• Damages for breach of contract
• Reasonable-notice
• Termination-of-contract

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