Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

SWALLOWFALLS LTD v MONACO YACHTING & TECHNOLOGIES SAM AND ANOTHER

[2014] Lloyd's Rep Plus 30

COURT OF APPEAL

Before Lord Justice Longmore Lord Justice McFarlane and Mrs Justice Proudman DBE

Shipbuilding contract - Loan agreement - Buyer of luxury yacht making loan to contractor to enable construction to be completed - Buyer demanding repayment of loan - Whether loan repayable on demand - Whether loan agreement contained implied terms as to buyer's obligation to cooperate - Whether buyer entitled to summary judgment.

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