Clifford Chance

Commitment letters – some hard lessons

20 October 2016

Every so often a judicial decision crops up saying nothing new about the law but with facts so close to home that it creates jitters. Novus Aviation v Alubaf Arab International Bank is one such example. A closer look shows that the outcome was unsurprising in the circumstances and that it contains valuable lessons for those involved in preparing, or entering into, commitment documentation.

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