Renaissance Capital Ltd v African Minerals Ltd

Contract – Construction of contract. The claimant investment bank was appointed, under contracts, as the financial adviser of the defendant, which owned, through its subsidiaries, the rights to develop and exploit mineral assets in Sierra Leone. The claimant brought a claim for the payment of fees allegedly due under the contracts. The judge held that, on the facts and the true construction of the contracts, the claimant was entitled to the payment of some of the fees sought. The Court of Appeal, Civil Division, allowed the defendant's appeal as the judge had not given the relevant contractual term the correct interpretation.

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