Contractual Certainty – The danger of a void

Contractual Certainty – The danger of a void

When drawing up a contract, it is vital to achieve certainty in the terms. If there are gaps or the terms are not clear, this can cause major issues for the parties to the contract. The issue of contractual certainty has been highlighted again in a recent decision of...
Contractual Certainty – The danger of a void

What is Meant by ‘Close of Business’?

The phrase ‘close of business’ is commonly used by people in professional settings as a designation of time. It is not uncommon to hear somebody request that a task is completed by close of business. But what exactly does ‘close of business’ mean? Although it is...
Contractual Certainty – The danger of a void

A Company Director's Duty of Loyalty

Directors are appointed by a company to run its affairs on a day to day basis. They are distinct from shareholders, who are the people who actually own the company. Shareholders delegate their right to manage the company to the directors, who in turn owe an absolute...
Contractual Certainty – The danger of a void

A step in the right direction…

A director of a company has a duty to promote the success of that company for the benefit of the shareholders. However, at the point where it becomes apparent that a company is trading insolvent, his duties change and the director must from this point act in the best...