Key legal question
Whether the respondent companies could invoke the contract as successors to the original contractual beneficiaries.
Extracted holding
Yes. The court held that the parties intended the transit rights to extend to successor firms, and the respondents were to be treated as such successors.
Extracted reasoning
The lower court’s interpretation was not arbitrary: the contract language, the succession-related transaction context, the identical business purpose, address and management links, and the appellant’s conduct supported a true or at least tacit agreement extending the rights to successors.