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Rainy Sky S.A. and others v. Kookmin Bank

Michael Ashcroft QC acted for the successful appellants in this appeal to the Supreme Court concerning the construction of refund guarantees issued in connection with shipbuilding contexts. The judgment of Lord Clarke (with whom Lord Phillips, Lord Mance, Lord Kerr and Lord Wilson agreed) is expected to become the leading guidance as to the proper approach to the construction of commercial contracts generally.