Our case update on how an agreement to agree is not necessarily fatal to the enforcement of the agreement, has been picked up by Singapore Law Watch (“SLW“). Our SLW Commentary can be found here.
Our SLW Commentary examines the English Court of Appeal case of MRI Trading AG v Erdenet Mining Corporation LLC  EWCA Civ 156 which unanimously upheld the decision of the High Court which had set aside an arbitration award on the basis that the tribunal had made an error of law with respect to the enforceability of certain clauses which appeared to be agreements to agree. This case is significant in light of the well-settled principle of law that a so-called agreement to agree between parties is void and unenforceable for uncertainty. Lord Ackner in the House of Lords’ decision in Walford and Others v Miles and Another  2 AC 128 observed (at 138) that “[t]he reason why…an agreement to agree, is unenforceable, is simply because it lacks the necessary certainty.”