[1] This is an application in which the applicant, a company with limited liability registered in England in accordance with the laws of England and carrying on its business in that country, seeks a declaratory order confirming the cancellation by it of an agreement concluded with the first respondent, a South African company.

[2] The applicant, as its name suggests, carries on business as a manufacturer and distributor of building products with a special emphasis on roof ventilation, natural ventilation systems, louvers and solar shading and natural daylight products and including construction membranes for roofs and walls.

[3] The first respondent carries on business as a marketer, manufacturer and distributor of polypropylene spunbond and laminated textiles to the hygiene, medical, construction and industrial markets.