“…estion or where the parties have acted in the belief that they have a binding contract: Mamidoil-Jetoil Greek Petroleum Company SA v Okta Crude Oil Refinery AD [2001] EWCA Civ 406 at [69]. I bear in mind that business people may record important agreements in a summary way: Hillas & Co Ltd v Arcos Ltd [1932] All ER Rep 494 at 503.…”
“…spute resolution procedure may act as a safety valve to deal with any potential uncertainty: Mamidoil-Jetoil Greek Petroleum Co SA v Otka Crude Oil Refinery AD [2001] EWCA Civ 406, [2001] 2 Lloyd’s Rep 76 at [69].…”