In the case of MSC Mediterranean Shipping Company S.A. v Cottonex Anstalt [2016] EWCA Civ 789 Moore-Bick LJ observed that "[t]he recognition of a general duty of good faith would be a significant step in the development of our law of contract with potentially far-reaching consequences and I do not think it is necessary or desirable to resort to it in order to decide the outcome of the present case."

Critically assess this stance by the English courts on the concept of good faith in the context of the interpretation of commercial contracts. Please use relevant case and statutory law to support your answer.

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