Monolith
14Oct/21Off

We Have Agreement

Teare J. concluded that, although many aspects of the fund were agreed, the letter and the condition sheet did not contain all the material conditions necessary for its application. It should only be regarded as an agreement and, according to Walford v Miles [1992] and Multiplex Constructions (UK) Ltd v Cleveland Bridge UK Ltd [2006], such agreements are not enforceable under English law. Crasianski requested reimbursement of the advance of €312,500 on the ground that, since the fund had not been launched, it had not been used for the purpose for which it had been preferred. Crasianski argued that the letter and the term sheet were nothing more than an agreement to the agreement and that such an agreement was unenforceable under English law because it had no certainty. . . .

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