Standard Chartered Bank v Ceylon Petroleum Corporation [2012] WLR (D) 232
“In the absence of any indication to the contrary, a commercial entity set up by statute to engage in international and domestic trade had the capacity to enter into the whole range of transactions which a commercial organisation acting in that field of business would ordinarily undertake, including hedging or speculative transactions.”
WLR Daily, 27th July 2012
Source: www.iclr.co.uk
