REUTERS | Stephen Hird

3VB’s finance column: terminating banking contracts: fetters and drafting pitfalls

As many of us have learned this winter in the UK, the problem when preparing a vaccine for the seasonal influenza virus is that the medical professionals must guess which strains of flu will be most virulent six months after the vaccine is being prepared. The drafter of the financial contract faces a similar problem.

In this column, I look at recent cases on termination of contracts and set out practical steps for finance lawyers drafting termination clauses and notices to avoid any challenges to the termination of finance agreements.

3 Verulam Buildings Adam Kramer

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