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Key is that the overall process is a unitary exercise involving an iterative process which involves not just a consideration of the words of a contract but a consideration of the same against the relevant background knowledge and the commercial consequences of competing constructions    

Cases and Articles Cited

Case Name	Citation(s)	Court	Jurisdiction	Date †	Full Text		Citation Index
Global Display Solutions Ltd v NCR Financial Solutions Group Ltd	[2021] EWHC 1119	High Court of England and Wales	United Kingdom - England and Wales	circa 2021	BAILII		2
Wood v Capita Insurance Services Ltd	[2017] UKSC 24; [2017] AC 1173; [2017] 4 All ER 615; [2018] 1 All ER (Comm) 51; [2017] 2 WLR 1095	United Kingdom Supreme Court	United Kingdom	29 Mar 2017	BAILII		697
Arnold v Britton	[2015] UKSC 36; [2015] AC 1619; [2016] 1 All ER 1; [2015] EGLR 53; [2015] 2 WLR 1593	United Kingdom Supreme Court	United Kingdom	10 Jun 2015	BAILII		992
Rainy Sky SA v Kookmin Bank	[2011] UKSC 50; [2012] 1 All ER 1137; [2011] 1 WLR 2900; [2012] Lloyds Rep 34; [2012] ICR 32; [2012] 1 All ER (Comm) 1; [2011] All ER (D) 19	United Kingdom Supreme Court	United Kingdom	2 Nov 2011	BAILII		901
Re Sigma Finance Corporation	[2009] UKSC 2; [2010] 1 All ER 571; [2010] BCC 40	United Kingdom Supreme Court	United Kingdom	circa 2009	BAILII		252
"A New Thing Under the Sun? The Interpretation of Contract and the ICS Decision"	(2008) 12 Edinburgh Law Review 374	Edinburgh Law Review	United Kingdom - Scotland	circa 2008	HeinOnline		35
Gan Insurance Co Ltd v Tai Ping Insurance Co Ltd (No 2)	[2001] EWCA Civ 1047; [2002] 2 All ER 248; [2001] 2 All ER (Comm) 299; [2001] Lloyds Rep IR 667	England and Wales Court of Appeal - Civil Division	United Kingdom - England and Wales	3 Jul 2001	BAILII		120
Investors Compensation Scheme Ltd v West Bromwich Building Society	[1997] UKHL 28; [1998] 1 All ER 98; [1998] 1 WLR 896; [1998] 1 BCLC 493; [1997] PNLR 541; 10 Page 913	House of Lords	United Kingdom	19 Jun 1997	BAILII		2526
Prenn v Simmonds	[1971] 3 All ER 237; [1971] 1 WLR 1381		United Kingdom	circa 1971	LexisNexis / Westlaw