Telephone trade as good as a written contract, High Court rules – The Times

Posted July 6th, 2007 in contracts, news by sally

“The City of London breathed a collective sigh of relief this afternoon as the High Court confirmed that despite major technological advancements and cultural changes, the principle of ‘my word is my bond’ was still relevant in the modern world.  In the first case of its kind, a judge ruled that an investment fund could not pull out of a financial transaction after circumstances made the deal substantially less attractive. ”

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The Times, 6th July 2007