GREENCLOSE LTD v NATIONAL WESTMINSTER BANK PLC

[2014] 2 Lloyd's Rep. 169

CHANCERY DIVISION

Before Mrs Justice ANDREW

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.