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Qualified Consent in Commercial Agreements: Porton Capital Technology Vs 3M UK Holdings

Summary: In the case of Porton Capital Technology Funds & Ors v 3M UK Holdings Ltd & Anor [2011] EWHC 2895 the High Court held that the Claimants were entitled to consider their own relevant interests first when considering the Defendants’ application for consent under an agreement. The Claimants did not need to consider those of the Defendant unless there was a manifestly disproportionate outcome. For further information speak to Julian Johnstone, Partner in and Head of Druces LLP’s Litigation & Dispute Resolution team.

Relevant to: Parties to commercial agreements.

Property and Litigation & Dispute Resolution Briefing Note Porton Capital (June 2012)