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Judgment · jid 5233 · pdb #3563

Ennismore Fund Management Ltd v Fenris Consulting Ltd - Judgment

FSD 0065/2009 (AFJ) · 2012-02-07

Construction of clawback agreement; admissible contractual context and “matrix of fact”; commercial purpose of long‑term performance‑based remuneration; partial written terms supplemented by course of dealing; interpretation of “attributable to” (causal connection without fault requirement); credibility findings; enforceability of clawback on fund‑manager losses; supplemental agreement inferred from conduct; rejection of interpretation linking clawback to firm‑wide performance fee

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