In UK, Pre-Contractual Deal Documents May Be An Enforceable Contract

Recently, our colleagues Luca Denora and Zara Machado published an interesting client alert titled The Ties that Bind: Commitment Letters under English Law. The publication discusses a recent decision of the UK Commercial Court, Novus Aviation Limited v. Alubaf Arab International Bank BSC (c) [2016] EWHC 1575 (Comm), which contemplates that pre-contractual deal documents may constitute a binding contract, imposing obligations on both parties.