M&A Weekly Update: effective service of a claim for breach of contract; changes to the UK Corporate Governance Code; and more

Effective service of a claim for breach of contract — were the claims ‘issued and served’?
A recent first-instance decision (T&L Sugars Ltd v Tate & Lyle Industries Ltd) is a salient reminder of the benefit of clear drafting.

The court was asked to consider the meaning of a provision in an agreement that provided that a claim must be ‘issued and served’ within a certain timeframe.

The court held that ‘issued and served’ meant the claim was required to be issued and served in accordance with the Civil Procedure Rules, specifically rule 7.5…

Click on the link below to read the rest of the Macfarlanes briefing.

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