Understanding and Disapplying the Rule in Cherry v. Boultbee

Butterworths Journal of International Banking and Financial Law, Vol. 24, No. 8, p. 459, 2009

20 Pages Posted: 17 Sep 2009

Date Written: September 17, 2009

Abstract

The rule in Cherry v. Boultbee is susceptible to contractual exclusio. The Court of Appeal’s explanation in Re SSSL Realisations (2002) [2006] EWCA Civ 7 of the calculation methodology is challengeable on grounds of mathematics, principles and authorities. The English court should consider adopting the Australian interpretation of the rule in Cherry v. Boultbee.

Keywords: insolvency set-off, double-proof, equitable rule in Cherry v Boultbee, retainer, guarantor's indemnity claim

JEL Classification: K10, K12, K19, K20, K29, K30, K39, K40, K41, K49

Suggested Citation

Ho, Look Chan, Understanding and Disapplying the Rule in Cherry v. Boultbee (September 17, 2009). Butterworths Journal of International Banking and Financial Law, Vol. 24, No. 8, p. 459, 2009, Available at SSRN: https://ssrn.com/abstract=1474780

Look Chan Ho (Contact Author)

Des Voeux Chambers ( email )

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