Key point Where a comfort letter merely makes a statement of fact on the comforter's 'intention' or 'policy', this generally does not amount to a contractually binding undertaking Facts D formed a subsidiary for metal trading on the London Metal Exchange C granted loan facility to D's subsidiary relying on comfort letter from D that "it is our policy to ensure that the business of …
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→ WhatsApp: +86 18221755073Kleinwort Benson Ltd v Malaysia Mining Corporation Berhad Court of Appeal Citations: [1989] 1 WLR 379; [1989] 1 All ER 785; [1989] 1 Lloyd's Rep 556; (1989) 5 BCC 337; (1989) 86(16) LSG 35; (1989) 139 NLJ 221; (1989) 133 SJ 262. Facts The defendant was a Malaysian company. They formed an English subsidiary to…
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