In Rainy Sky S.A and six others v Kookmin Bank [2011] UKSC 50, the Supreme Court provided useful guidance on the role of business common sense in construing a clause in a commercial contract, particularly in circumstances where there are competing plausible constructions, neither of which is clearly preferable on the language used alone.
The facts
United Kingdom, Banking, Insolvency & Restructuring, Litigation, Shipping & Transport, RPC, Bond (finance), Condition precedent, Consideration, Default (finance), Majority opinion, Supreme Court of the United States, UK Supreme Court, Singapore High Court