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High Court holds settlement agreement to be binding despite non-disclosure of previous lower offers
Practical Law UK Legal Update 4-504-0800 (Approx. 7 pages)
High Court holds settlement agreement to be binding despite non-disclosure of previous lower offers
by PLC Dispute Resolution
In Silver Queen Maritime Ltd v Persia Petroleum Services plc [2010] EWHC 2867 (QB), the court considered the time at which the parties became bound by a settlement deed and whether the settlement agreement could be rescinded on the grounds that the claimant had failed to disclose that, in discussions with a third party, it had previously offered to settle its claim for a lower amount.
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Resource ID 4-504-0800© 2024 Thomson Reuters. All rights reserved.
Published on 01-Dec-2010
Resource Type Legal update: archive
Jurisdictions
Related Content- England
- Wales