Analyses and critiques the key regulatory and commercial dimensions of the oil and gas industryIn recent years, a great deal has changed in the oil and gas industry, from legal and regulatory change to falling oil prices. The contemporary oil and gas industry is now intensely focussed on cost-saving and the UK has radical redrawn its revenue-raising expectations.This updated third edition has been published in two volumes: this volume focuses on commercial and contract law issues, while the other deals with resource management and regulatory law. The twin volumes bring together academic and practising lawyers, mainly based in Aberdeen, Europe's Energy Capital, to consider the key regulatory and commercial dimensions of an ever-changing hydrocarbon province.New for this editionSignificantly revised to take account of new case law relevant to default provisions and contractual interpretationA significantly expanded treatment of upstream commercial issues, including new chapters on the LOGIC contracts and Drilling contractsAdditional midstream and downstream content, including new chapters by industry experts on transportation and oil sales agreementsContributorsJudith Aldersey-Williams, Partner, CMS, Nabarro and Olswang, Aberdeen.James Cowie, Trainee Solicitor, Jones Day, Aberdeen.Greg Gordon, Senior Lecturer in Law, University of Aberdeen.Luke Havemann, Senior Associate, Bowmans Oil & Gas Team in Cape Town, South Africa.Tina Hunter, Professor of Law, University of Aberdeen.Alexander Kemp, Schlumberger Professor of Petroleum Economics, University of Aberdeen.Steven Latta, Assistant Head of Transnational Education, Glasgow Caledonian University.John Paterson, Professor of Law and Vice Principal for Internationalisation, University of Aberdeen.Claire Ralph, Head of Tax, Falklands Island Government; formerly Oil and Gas UK and HM Treasury.Uisdean Vass, Senior Counsel, Womble Bond Dickinson, Aberdeen.Emre Uenmez, Lecturer in Law, University of Aberdeen.Constantinos Yiallourides, Teaching Fellow, University of Aberdeen.

Contractual and fiduciary relationships are the two primary mechanisms through which the law facilitates coordinated pursuit of our personal interests. These fields are often represented in oppositional terms, and many accept the distinction that contract law allows an individual to pursue their interests independently, while fiduciary law allows an individual to pursue their interests in a dependent or interdependent way. Relying on this distinction, however, seems to suggest that the boundaries between the fields of contract and fiduciary law are fixed rather than fluid. Bringing together leading theorists to analyse critically important philosophical questions at the intersection of contract and fiduciary law, Contract, Status, and Fiduciary Law demonstrates that popular characterizations of the relationship between contract and fiduciary law are overly simplistic. By considering how contract and fiduciary law interact, and not just how they differ, the contributors to this volume offer new insights into a range of topics, including: status relationships, voluntary undertakings, duties of loyalty, equity, employment law, tort law, the law of remedies, political theory, and the theory of the firm.

Over the past two decades, protecting contractual parties' reasonable expectations has incrementally gained judicial recognition in English contract law. In contrast, however, the similar 'doctrine' of 'policyholder's reasonable expectations' has been largely rejected in English insurance law. This is injurious, firstly, to both the consumer and business policyholder's reasonable expectations of coverage of particular risks, and, secondly, to consumer policyholder's reasonable expectations of bonuses in with-profits life insurance. To remedy these problems, this book argues for an incremental but definite acceptance of the conception of policyholder's reasonable expectations in English insurance law. It firstly discusses the homogeneity between insurance law and contract law, as well as the role of (reasonable) expectations and their relevance to the emerging duty of good faith in contract law. Secondly, following a review and re-characterisation of the American insurance law 'doctrine' of reasonable expectations, the book addresses the conventional English objections to the reasonable expectations approach in insurance law. In passing, it also rethinks the approach to the protection of policyholder's reasonable expectations of bonuses in with-profits life insurance through a revisit to the (in)famous case Equitable Life Assurance Society v Hyman [2000] UKHL 39, particularly to its relevant business and regulatory background.

Late medieval Douai was one of the wealthiest cloth towns of Flanders, and it left an enormous archive documenting the personal financial affairs of its citizens -- wills, marriage agreements, business contracts, and records of court disputes over property rights of all kinds.

Based on extensive research in this archive. The Marriage Exchange reveals how these documents were produced in a centuries-long effort to regulate -- and ultimately to redefine -- property and gender relations. At the center of the transformation was the shift from a marital property regime based on custom to one based on contract. In the former, a widow typically inherited her husband's property; in the latter, she shared it with or simply held it for his family or offspring. Although Martha C. Howell argues that the legal reform had profound implications for both the social and gender order, she doesn't portray the reform as the triumph of one social group's interests or as a contest between men and women. Instead, she treats the reform as the record of a more complex economic, social, and cultural history in which the meanings of property, social place, and gender were themselves transformed.

El Tratado de Derecho Administrativo del profesor venezolano Allan R. Brewer-Carias recoge, en seis volumenes, con una sistematizacion impecable, materialmente toda la extensa obra del autor en el campo del derecho administrativo escrita durante los ultimos cincuenta anos, desde que se inicio en la docencia y en la investigacion en la Universidad Central de Venezuela en 1963; siendo, la misma una muestra especifica del desarrollo del Derecho Administrativo Iberoamericano, que se produjo en paralelo con el desarrollo del derecho administrativo espanol contemporaneo, desde los tiempos de la fundacion de la Revista de Administracion Publica (1958). La obra, editada sin perdida de espacio, comprende todos los estudios del autor sobre la teoria del derecho administrativo, su objeto, sus supuestos fundamentales, y su encuadramiento constitucional (Tomo I); sobre la Administracion Publica, sus fundamentos, su organizacion, sus trasformaciones y sus problemas (Tomo II); sobre el regimen de la actividad administrativa, particularmente el regimen de los actos administrativos y de los contratos administrativos (Tomo III); sobre el regimen del procedimiento administrativo, con especial enfasis en su codificacion en el derecho comparado iberoamericano (Tomo IV); sobre el regimen de la accion administrativa, particularmente en cuanto a los poderes, potestades y relaciones con los administrados (Tomo V); y sobre el regimen del control jurisdiccional contencioso administrativo sobre la Administracion Publica y su actividad (Tomo VI). Cada Tomo, por tanto, tiene hasta cierto punto, su propia autonomia, de manera que este Tomo II de 1.080 paginas, sobre "La Administracion Publica," incluye todos los estudios del autor sobre la introduccion a la Administracion Publica, sus fundamentos, los principios de su organizacion, su organizacion territorial y funcional, sus transformaciones contemporaneas impuestas por nuevos modelos del Estado, y sus problemas de siempre.

El Tratado de Derecho Administrativo del profesor venezolano Allan R. Brewer-Carias recoge, en seis volumenes, con una sistematizacion impecable, materialmente toda la extensa obra del autor en el campo del derecho administrativo escrita durante los ultimos cincuenta anos, desde que se inicio en la docencia y en la investigacion en la Universidad Central de Venezuela en 1963; siendo, la misma una muestra especifica del desarrollo del Derecho Administrativo Iberoamericano, que se produjo en paralelo con el desarrollo del derecho administrativo espanol contemporaneo, desde los tiempos de la fundacion de la Revista de Administracion Publica (1958). La obra, editada sin perdida de espacio, comprende todos los estudios del autor sobre la teoria del derecho administrativo, su objeto, sus supuestos fundamentales, y su encuadramiento constitucional (Tomo I); sobre la Administracion Publica, sus fundamentos, su organizacion, sus trasformaciones y sus problemas (Tomo II); sobre el regimen de la actividad administrativa, particularmente el regimen de los actos administrativos y de los contratos administrativos (Tomo III); sobre el regimen del procedimiento administrativo, con especial enfasis en su codificacion en el derecho comparado iberoamericano (Tomo IV); sobre el regimen de la accion administrativa, particularmente en cuanto a los poderes, potestades y relaciones con los administrados (Tomo V); y sobre el regimen del control jurisdiccional contencioso administrativo sobre la Administracion Publica y su actividad (Tomo VI). Cada Tomo, por tanto, tiene hasta cierto punto, su propia autonomia, de manera que este Tomo III de 1.064 paginas, sobre "Los actos administrativos y los contratos administrativos," incluye todos los estudios del autor primero, sobre los actos administrativos, con los estudios sobre su teoria, sus requisitos y sus efectos, con especial tratamiento de su encuadramiento dentro de los diversos actos ejecutivos del Estado; y segundo, sobre los contratos administrativos, los contratos publicos y los contratos del Estado, con sus estudios sobre su teoria de los contratos administrativos, el desarrollo y evolucion de la contratacion publica, sobre los alcances de la inmunidad de jurisdiccion, y sobre el tema del arbitraje en la contratacion administrativa.

El Tratado de Derecho Administrativo del profesor venezolano Allan R. Brewer-Carias recoge, en seis volumenes, con una sistematizacion impecable, materialmente toda la extensa obra del autor en el campo del derecho administrativo escrita durante los ultimos cincuenta anos, desde que se inicio en la docencia y en la investigacion en la Universidad Central de Venezuela en 1963; siendo, la misma una muestra especifica del desarrollo del Derecho Administrativo Iberoamericano, que se produjo en paralelo con el desarrollo del derecho administrativo espanol contemporaneo, desde los tiempos de la fundacion de la Revista de Administracion Publica (1958). La obra, editada sin perdida de espacio, comprende todos los estudios del autor sobre la teoria del derecho administrativo, su objeto, sus supuestos fundamentales, y su encuadramiento constitucional (Tomo I); sobre la Administracion Publica, sus fundamentos, su organizacion, sus trasformaciones y sus problemas (Tomo II); sobre el regimen de la actividad administrativa, particularmente el regimen de los actos administrativos y de los contratos administrativos (Tomo III); sobre el regimen del procedimiento administrativo, con especial enfasis en su codificacion en el derecho comparado iberoamericano (Tomo IV); sobre el regimen de la accion administrativa, particularmente en cuanto a los poderes, potestades y relaciones con los administrados (Tomo V); y sobre el regimen del control jurisdiccional contencioso administrativo sobre la Administracion Publica y su actividad (Tomo VI). Cada Tomo, por tanto, tiene hasta cierto punto, su propia autonomia, de manera que este Tomo IV de 972 paginas, sobre "El procedimiento administrativo," incluye todos los estudios del autor sobre la codificacion del derecho administrativo y especificamente del procedimiento administrativo, con especial enfasis en el derecho comparado iberoamericano; sobre los principios y regimen legal del procedimiento administrativo, y sobre los recursos administrativos.

El Tratado de Derecho Administrativo del profesor venezolano Allan R. Brewer-Carias recoge, en seis volumenes, con una sistematizacion impecable, materialmente toda la extensa obra del autor en el campo del derecho administrativo escrita durante los ultimos cincuenta anos, desde que se inicio en la docencia y en la investigacion en la Universidad Central de Venezuela en 1963; siendo, la misma una muestra especifica del desarrollo del Derecho Administrativo Iberoamericano, que se produjo en paralelo con el desarrollo del derecho administrativo espanol contemporaneo, desde los tiempos de la fundacion de la Revista de Administracion Publica (1958). La obra, editada sin perdida de espacio, comprende todos los estudios del autor sobre la teoria del derecho administrativo, su objeto, sus supuestos fundamentales, y su encuadramiento constitucional (Tomo I); sobre la Administracion Publica, sus fundamentos, su organizacion, sus trasformaciones y sus problemas (Tomo II); sobre el regimen de la actividad administrativa, particularmente el regimen de los actos administrativos y de los contratos administrativos (Tomo III); sobre el regimen del procedimiento administrativo, con especial enfasis en su codificacion en el derecho comparado iberoamericano (Tomo IV); sobre el regimen de la accion administrativa, particularmente en cuanto a los poderes, potestades y relaciones con los administrados (Tomo V); y sobre el regimen del control jurisdiccional contencioso administrativo sobre la Administracion Publica y su actividad (Tomo VI). Cada Tomo, por tanto, tiene hasta cierto punto su propia autonomia, de manera que este Tomo V de 1.072 paginas, sobre "La accion de la Administracion: Poderes, Potestades y Relaciones con los administrados," incluye todos los estudios del autor sobre las relaciones entre la Administracion y los administrados, el ejercicio del poder discrecional de la Administracion y sus limites; sobre la potestad normativa, la potestad reguladora, la potestad expropiatoria y la potestad nacionalizadota del Estado; sobre las formas de la actividad administrativa, especificamente, el servicio publico y la policia administrativa; sobre la intervencion del Estado en la gestion de la economia, con especial tratamiento del regimen de la empresas publicas en el derecho comparado; y sobre el control de la actividad de la Administracion.

This book argues that motives for committing breach of contract should matter in the application of remedies in contract. Deliberate breach of contract requires a different and sterner answer from the law of contract than any other breach of contract, because providing equal remedies for all breaches of contract threatens parties' trust in the law of contract. This statement should be reflected in the law of remedies in contract. The box of remedies available to the victim of deliberate breach of contract should be designed accordingly. In general, the author argues that the victim of contractual breach should have a stronger right to enforced performance of the contract, and that he should have easier access to damages and receive a larger amount of damages if he is the victim of deliberate breach of contract. The arguments for the chosen approach to deliberate breach of contract are primarily drawn from comparative legal research - mainly in the form of studying court decisions, academic contributions and other common legal sources: in other words, the classic legal approach - and law and economics literature. About the author Martijn van Kogelenberg was born in 1980 in Ridderkerk (Zuid-Holland), the Netherlands. In 2003 he graduated in Russian Studies, specializing in Russian civil law. In 2004 he graduated in Dutch law, specializing in Dutch civil law. After his studies in Leiden, he entered the University of Oxford to follow a post-graduate Magister Juris degree. In September 2006 Martijn started working on his dissertation at the civil law department of the Erasmus School of Law (Rotterdam). In addition to his doctoral thesis, he published several articles, including an international publication. He has also been involved in teaching various civil law subjects to law students and in giving post-academic courses and lectures in contract law.

CONTRATOS ADMINISTRATIVOS, CONTRATOS PUBLICOS, CONTRATOS DEL ESTADO Por Allan R. Brewer-Carias Este libro recoge, en un solo volumen presentado con una sistematizacion impecable, toda la extensa obra del profesor Allan R. Brewer-Carias sobre el tema de los Contratos Administrativos, Contratos Publico, Contratos del Estado, escrita y publicada durante los ultimos cincuenta anos sobre uno de los temas que pueden considerarse como neuralgicos del derecho administrativo, y cuyo desarrollo ha contribuido a la reafirmacion de la propia autonomia de la disciplina. Se trata del tema de los "contratos administrativos" o mas general, de los contratos publicos, que estan sometidos a un regimen preponderante de derecho publico (sin dejar de nutrirse de los principios aplicables a los contratos en general), conforme al cual, entre otros aspectos, deben contener clausulas de caracter obligatorio, por ejemplo, en materia de inmunidad de jurisdiccion, en materia ambiental, o de orden temporal en el caso de concesiones administrativas; ademas, estan sujetos a regulaciones especificas sobre procedimientos especiales para la seleccion de contratistas, como son la licitacion y el concurso; sobre la prevision de poderes que se consideran exorbitantes del derecho comun, a las Administraciones Publicas contratantes para dirigir y controlar la ejecucion de los contratos publicos, para modificar el alcance de las obligaciones contractuales del co-contratante, para sancionar sus incumplimientos, e incluso, para rescindir unilateralmente el contrato por incumplimientos del co-contratante o por razones de interes general, lo que en materia de concesiones, equivale al rescate anticipado de las mismas. Dicho regimen de derecho publico ha conducido, por ejemplo al desarrollo del principio del equilibrio economico del contrato, que impone a la Administracion contratante el deber de preservarlo y restablecerlo debiendo compensar al co-contratante, cuando se rompe, por ejemplo, en casos de modificaciones al contrato, o de rescision unilateral por razones de interes general o por las afectaciones al contrato derivadas de un "hecho del principe;" principios todos cuyo origen remoto esta en el derecho frances que tanto influyo en esta materia en el desarrollo del derecho administrativo espanol e iberoamericano. La obra del profesor Brewer-Carias, aun cuando teniendo como punto de referencia el derecho venezolano, abarca el estudio de todos esos principios relativos a la contratacion publica, los cuales son tratados en los cuatro Libros que componen el la obra: El primero sobre "La teoria de los contratos administrativos" que recoge un trabajo suyo de 1964, referido a los principios generales sobre la contratacion administrativa; el segundo, sobre los "contratos administrativos,"que recoge un libro de 1992, donde estudia, en particular, el tema del sentido actual de la clasica distincion entre los "contratos administrativos" y los llamados "contratos de derecho privado de la Administracion; ademas de las caracteristicas fundamentales de los mismos, el regimen de su formacion y efectos, la responsabilidad contractual y el contencioso administrativo de los contratos de la Administracion. El tercero, referido a varios estudios contemporaneos sobre el tema mas general de los contratos publicos, la revivencia de la nocion de "contrato administrativo," y el regimen especifico de las concesiones administrativas. Y el cuarto, referido al estudio especifico de los temas de la inmunidad relativa de jurisdiccion del Estado en los contratos publicos, del tema del arbitraje como medio de solucion de controversias en la contratacion publica, y los casos de consentimiento del Estado en materia de arbitraje internacional ante el Centro Internacional de Arreglo de Diferencias relativas a Inversiones (CIADI).

Good Faith and Insurance Contracts sets out an exhaustive analysis of the law concerning the duty of utmost good faith, as applied to insurance contracts. Now in its fourth edition, it has been updated to address the arrival of the Insurance Act 2015, as well as any references to new case law. In addition, it synthesises all known judicial decisions by the English Courts concerning good faith in this area. This book is still the only text devoted to a discussion of the duty of utmost good faith applicable to insurance contracts. As good faith is an issue which arises in respect of all insurance contracts, it is a book which will be extremely useful to lawyers involved in insurance as well as insurance practitioners.

Significantly streamlined and updated, the second edition of Andrews' Contract Law now provides a clear and succinct examination of all of the topics in the contract law curriculum. Chapters direct students to the most important decisions in case law and employ a two-level structure to integrate short judicial excerpts into detailed discussion and analysis. Exploration of the law's 'loose ends' strengthens students' ability to effectively analyse case law, and new end-of-chapter questions, which focus on both core aspects of the law and interesting legal loopholes, assist students in preparing for exams. Students are guided through chapter material by concise chapter overviews and a two-colour text design that highlights important chapter elements. Suggestions for further reading and a rich bibliography, which point readers to important pieces of contemporary literature and provide a springboard for deeper investigation of particular topics, lend further support for student learning.

Based on parts of the leading work McKnight, Paterson, and Zakrzewski on the Law of International Finance, 2e, this new book is an accessible introduction to loan agreements in English law and practice. The book focusses on loan agreements, syndicates of lenders and trading providing the core areas with which newcomers to banking and finance law must familiarize themselves and which often require research. The book opens with an overview of English contract law setting out the key concepts and principles relevant to commercial lending transactions. There is a section on loan facility agreements which explains the structure and typical provisions of loan agreements, and the relevant law and its application to those agreements. In the section on syndicated lending, legal issues arising from the relationship within a group of lenders are analysed and problem areas are tackled. Potential claims, by borrowers against the arrangers of a syndicate and its agent are also analysed, including the very important issue of possible protection against such claims. The final part of the book explains the legal and practical issues surrounding trading in parts of loans on the secondary market. A clear, concise and authoritative work on loan agreements and lending, this book is a useful guide for all working in the field, particularly lawyers who need an accessible but comprehensive review of English law in this area and postgraduate students.

The Law Commission (of England and Wales) and the Scottish Law Commission were both established in 1965 to promote the reform of the laws of their respective jurisdictions. Since then, they have each produced hundreds of reports across many areas of law. They are independent of government yet rely on governmental funding and governmental approval of their proposed projects. They also rely on both government and Parliament (and, occasionally, the courts or other bodies) to implement their proposals. This book examines the tension between independence and implementation and recommends how a balance can best be struck. It proposes how the Commissions should choose their projects given that their duties outweigh their resources, and how we should assess the success, or otherwise, of their output. Countries around the world have created law reform bodies in the Commissions' image. They may wish to reflect on the GB Commissions' responses to the changes and challenges they have faced to reappraise their own law reform machinery. Equally, the GB Commissions may seek inspiration from other commissions' experiences. The world the GB Commissions inhabit now is very different from when they were established. They have evolved to remain relevant in the face of devolution, the UK's changing relationship with the European Union, increasing pressure for accountability and decreasing funding. Further changes to secure the future of independent law reform are advanced in this book.

This is a topical area for the courts, which have moved to imply various limitations or tests on decision makers powers and when they can be challenged. This is made more difficult for lay users and lawyers alike in that implied restrictions are (by definition) not apparent from the words of the relevant contract itself. These limits are applied by the courts not just to fiduciaries (such as trustees or directors), but also to non-fiduciaries (eg banks and employers). Recent case law includes: * Pitt v Holt (SC) - trustee decisions (2013) * Braganza (SC) - contractual discretions (2015) * Eclairs (SC) - directors powers: proper purposes (2015) * IBM UK Holdings v Dalgleish (CA) - employer powers under pension plans (2017) * British Airways (CA)- pension plan - proper purposes (2018) The book reviews the relevant doctrines of: * Interpretation rules * Proper purposes; * Due consideration of relevant factors * Full perversity (no reasonable decision maker)

This book advocates a new way of thinking about mortgage contracts. This claim is based on the assumption that we currently live in a political economy in which consumer debt fulfils a social function. In the field of housing this is evidenced by the expansion of mortgage credit through which consumers are to purchase residential property as a means of social inclusion and personal welfare. It is suggested that contract law needs to adjust to this new social function in order to avoid welfare losses in terms of default, over-indebtedness, and possibly eviction. To this end, this book analyses theoretical contract law frameworks and makes concrete proposals for contract law in the EU legal order.

Contract and Copyright Drafting Skills is a brand new title which will help you develop and create greater flexibility in your drafting skills. Using clear explanations and practical examples your ability to write clauses, draft, negotiate, analyse and review contracts will be enhanced. It is designed to be used in conjunction with your own precedent bank or alongside The A-Z of Contract Clauses, Sixth Edition. This title gives guidance on the variety of techniques that can be used in drafting contracts including the significance of the purpose of the agreement and the focus of the outcome. In addition it covers definitions, an important aspect of contract drafting, and also general background factors that can be useful to consider when drafting a contract. Contract and Copyright Drafting Skills will help you to appreciate the elements that can be edited in a clause thereby widening, decreasing or improving liability, risk, costs, revenue and control of rights. It also explains the process of the expansion, reduction and adaptation of clauses to meet the needs of the circumstances of the parties giving you the confidence to make that assessment and to focus on the aim of achieving the best agreement in the circumstances. Whether new to contact drafting or an experienced contract drafter, whether a lawyer or non-lawyer Contract and Copyright Drafting Skills will provide you with all the tools and guidance you need to become an expert contract drafter.

The development of the law of obligations across the common law world has been, and continues to be, a story of unity and divergence. Its common origins continue to exert a powerful stabilising influence, carried forward by a methodology that places heavy weight on the historical foundations of legal principles. Divergence is, however, produced by numerous factors, including national and international human rights instruments, local statutory regimes, civil law influences, regional harmonisation, local circumstances and values and different political and legal cultures. The essays in this collection explore the forces that produce divergence, the countervailing forces that generate cohesion and consistency in the common law of obligations, and the influence that the major common law jurisdictions continue to exert over one another in this area of law. The chapters in this book were originally presented at the Seventh Biennial Conference on the Law of Obligations held in Hong Kong in July 2014. A second collection, entitled Divergences in Private Law (ISBN: 9781782256601), will focus on particular departures from the common law mainstream and the causes and effects of those deviations.

Landmark Cases in the Law of Contract offers twelve original essays by leading contract scholars. As with the essays in the companion volumes in this series, each essay takes as its focus a particular leading case, and analyses that case in its historical or theoretical context. The cases range from the early eighteenth- to the late twentieth-centuries, and deal with an array of contractual doctrines. Some of the essays call for their case to be stripped of its landmark status, whilst others argue that it has more to offer than we have previously appreciated. The particular historical context of these landmark cases, as revealed by the authors, often shows that our current assumptions about the case and what it stands for are either mistaken, or require radical modification. The book also explores several common themes which are fundamental to the development of the law of contract: for instance, the influence of commercial expectations, appeals to 'reason' and the significance of particular judicial ideologies and techniques.

Part II of The Humanity of Private Law charts a new course for English private law in the twenty-first century. Part I set out the vision of human flourishing that English private law has in mind in seeking to promote its subjects' flourishing. Part II argues in favour of a very different account of what human flourishing involves, and explains what private law would look like were it to base itself on this alternative vision of the nature of human flourishing. This volume: sets out and evaluates different models of what human flourishing involves; argues in favour of the view that human flourishing involves being engaged in a quest to lead a truthful life; explains in what ways a private law that sought to foster this distinctive vision of human flourishing would be different from English private law in its current state, in particular with regard to: (i) tackling fraud; (ii) promoting freedom of speech; (iii) preserving attention capacities; (iv) protecting people from being subjected to degrading or hateful treatment; and (v) enabling people to make a fresh start in their lives; and, considers whether and when it would be legitimate for the courts to transform English private law in the ways suggested in this volume. Part II of The Humanity of Private Law is a radical and prophetic book that is essential reading for anyone who is interested in understanding the contribution private law can make to our living in a society that promotes the flourishing of all its members.

The central theme of this book is that an economic framework--incorporating such concepts as information asymmetry, moral hazard, and adaptation to changed circumstances--is appropriate for contract interpretation, analyzing contract disputes, and developing contract doctrine. The value of the approach is demonstrated through the close analysis of major contract cases. In many of the cases, had the court (and the litigators) understood the economic context, the analysis and results would have been very different. Topics and some representative cases include consideration (Wood v. Lucy, Lady Duff Gordon), interpretation (Bloor v. Falstaff and Columbia Nitrogen v. Royster), remedies (Campbell v. Wentz, Tongish v. Thomas, and Parker v. Twentieth Century Fox), and excuse (Alcoa v. Essex).