“…The considerations have been examined in particular by Rix J in Credit Suisse v MLC [Credit Suisse First Boston (Europe) Ltd v MLC Bermuda Ltd [1999] 1 Lloyd's Rep 767] and by Lord Collins in UBS [UBS AG v HSH NordBank AG [2009] EWCA Civ 585, [2009] 2 Lloyd’s Rep 272].It is necessary to refer to these in a little more detail.…”
“…(Europe) Ltd v MLC (Bermuda) Ltd [1999] 1 Lloyd’s Rep 767 at 777 per Rix J (as he then was) and Sebastian Holdings Inc v Deutsche Bank [2011] 1 Lloyd’s Rep 106 per Thomas LJ (as he then was) at [42] (judgment at [27])…”
“…That reflects inter alia the statement of Rix J in Credit Suisse First Boston (Europe) Ltd v MLC (Bermuda) Ltd [1999] 1 Lloyd’s Rep 767 at 777 per Rix J (as he then was) and Sebastian Holdings Inc v Deutsche Bank [2011] 1 Lloyd’s Rep 106 at 777 that:…”