Houthoff Buruma represented ING Bank in a Supreme Court case concerning the termination of a credit line. The Supreme Court confirmed that a bank can invoke a contractual termination clause, unless this would be unacceptable according to the standards of reasonableness and fairness. This test is more strict than the more open ended 'balance of interests'-test that has been applied by lower courts for many years. (Link to Supreme Court ruling: http://deeplink.rechtspraak.nl/uitspraak?id=ECLI:NL:HR:2010:BN9463)
Houthoff Buruma team included: Bart van der Wiel, Albert Knigge
Matter Type
Litigation/Arbitration
Industry
Finance & Banking
News Category
Banking & Finance