Interleasing (UK) Ltd v Morris: ChD 30 May 2002

On a share sale agreement, a retention was made with respect to a possible action. A clause in the agreement created a procedure for counsel’s opinion to be obtained as to its chances. The buyer obtained counsel’s opinion as provided.
Held: The defendant would not be allowed to go behind counsel’s opinion to challenge its basis or the instructions which led to it. It had been intended to act as a form of certificate to secure the money at issue until trial, and the only issue was as to whether it stood in the form agreed.

Judges:

Mr Justice Lightman

Citations:

Gazette 08-Aug-2002

Jurisdiction:

England and Wales

Company, Contract

Updated: 27 June 2022; Ref: scu.174458