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Company & Commercial

18 November 2019
Gordon Drakes Good faith and relational contracts

United Kingdom - Fieldfisher LLP

In two recent cases, the English courts considered whether the duty of good faith should be implied into commercial contracts. These cases demonstrate that the issue of good faith is evolving in English law. Parties to relational contracts must therefore monitor developments to ensure that foreseeable risks are mitigated effectively in their contracts and commercial practices.

Author: Gordon Drakes
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Corp Fin issues SLB 14K – it's 'ordinary business' again

USA - Cooley LLP

Division of Corporate Finance staff recently issued a new Staff Legal Bulletin 14K on shareholder proposals and the 'ordinary business' exclusion. The new bulletin contains an enhanced reminder that it has not been approved by the Securities and Exchange Commission and, like all staff guidance, has no legal force or effect, does not alter or amend applicable law and creates no new or additional obligations for any person.

Author: Cydney Posner
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