Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

GREENCLOSE LTD v NATIONAL WESTMINSTER BANK PLC

[2014] Lloyd's Rep Plus 54

CHANCERY DIVISION

Before Mrs Justice Andrews

Banking - ISDA Master Agreement - Bank entitled to unilaterally extend loan agreement by notice - Bank purporting to give notice by email - Whether email a permissible form of notice - Effect of out of office reply - Meaning and form of notice by "electronic messaging system" as used in the 1992 form - Implied term - Whether bank under a duty to act in good faith.

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