*QOGT Inc v International Oil & Gas Tecnology Ltd

Contract – Termination. The claimant issued proceedings for the defendant's wrongful termination of an investment management agreement, requiring the investment managers to act jointly to provide the investment management services to the defendant. The Commercial Court, in dismissing the claim, held that the defendant had been entitled to serve the notice of breach, as the investment managers had been in material breach of their obligations and that the notice had fulfilled the relevant requirements. Further, the notice of termination had been valid, as the breach had not been remedied.