Normal
tbfI am making good progress through the applications, however, due to the volume, I will now be aiming to provide an update on your application by the end of business, next Thursday.What is meant by "end of business"?In Lehman Bros International (Europe) v Exxonmobil Financial Services [2016] EWHC 2699, there was dispute about the definition of "close of business", which EMFS said was 7pm, and LBIE said was 5pm.It was then determined that "close of business" might refer to the US markets and could also have different meanings in certain contexts, and there is subsequently clearly a legitimate debate about what "end of business" might mean in the context of a city law firm.In this case, they sent out the PFOs at 00:50 on Thursday night/Friday morning. Which is a usual work time in certain seats at certain firms......Conclusion: this PFO was a lucky escape!
tbf
What is meant by "end of business"?
In Lehman Bros International (Europe) v Exxonmobil Financial Services [2016] EWHC 2699, there was dispute about the definition of "close of business", which EMFS said was 7pm, and LBIE said was 5pm.
It was then determined that "close of business" might refer to the US markets and could also have different meanings in certain contexts, and there is subsequently clearly a legitimate debate about what "end of business" might mean in the context of a city law firm.
In this case, they sent out the PFOs at 00:50 on Thursday night/Friday morning. Which is a usual work time in certain seats at certain firms......
Conclusion: this PFO was a lucky escape!
