The High Court recently refused to allow security for costs to be provided in the form of bitcoin in Tulip Trading Limited v Bitcoin Association for BSV and others [2022] EWHC 141 (Ch)..
Under English law, there is no general doctrine of good faith. This means that there is no general obligation to act in good faith during the negotiation of commercial contracts. The exceptions to this rule include where the contract contains an express duty of good faith.
What were the key issues in this case? This case is worthy of attention for two main reasons. First, it provides a useful reminder of the legal principles applicable to.