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Makdessi v Cavendish square holdings bv and another

[2014] BLR 246

COURT OF APPEAL(CIVIL DIVISION)

Before Lord Justice Patten,Lord Justice Tomlinson,Lord Justice Clarke

Agreement for sale of shares - Provision for payment in instalments - If seller defaulted on restrictive covenants, interim and final payments not to be made - Whether clauses unenforceable as penalties.

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