Michael Ashcroft QC to appear in the Supreme Court on Wednesday 27th July

Michael Ashcroft QC acts for the buyers in this appeal to the Supreme Court concerning the proper construction of refund guarantees issued by a Korean bank. The ultimate issue is whether the guarantees cover insolvency on the part of the shipbuilder. The case gives rise to important questions as to the proper approach to construction of commercial contracts generally and more particularly as to role that should be accorded to considerations of business common sense.