Yam Seng Private Ltd v International Trade Corporation Ltd — all in good faith?
The courts have recently considered both implied and express duties of good faith arising under English law. Is this likely to herald a sea change in parties’ contractual obligations? For many years, commentators have noted that there is no general overriding duty of good faith under English law. However, parties may include express obligations of good faith in their contracts.
In the case of Yam Seng Private Ltd v International Trade Corporation Ltd  EWHC 111 (QB), the High Court concluded that an implied duty of good faith could arise in a number of contracting relationships outside of those that have traditionally been held to include duties of good faith (such as contracts of employment or contracts involving fiduciary duties). The Yam Seng case was followed relatively quickly by the Court of Appeal decision in Mid Essex Hospital Services NHS Trust v Compass Group UK & Ireland Ltd  EWCA Civ 200, in which the Court of Appeal considered the construction of an express duty of good faith…
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Addleshaw Goddard has released the November 2013 edition of InCredit. This section focuses on advertising.
Addleshaw Goddard has released the November 2013 edition of InCredit. This section focuses on current accounts.
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Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?
The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.