Agent and Principal in UK Law
British Energy Power and Trading Ltd and Others v Credit Suisse and Others
This is not, in my judgment, simply a powerful case; it is really unanswerable and fully accords with commercial reality and sense. British Energy would have no commercial interest in restricting assignment by Barclays, or transfer of rights held by Barclays, but not, or not also, by the Banks. Clause 31 of the Share Option Agreement is plainly intended to provide protection for British Energy by restricting rights to dispose of the power-station and the rights granted by the Options.
That is, as was discussed in the course of submissions, to secure and restrict a first-class mechanic as distinct from securing and restricting anyone with a real commercial involvement. In my judgment, the submission really seems to demonstrate the improbability of parties such as these making such an agreement. Moreover there were restrictions on a change of Agent and Security Trustee provided for in the Restated Credit Agreement (clause 19.15) and the Intercreditor Deed (clause 12.11).
Mr Kemeh v Ministry of Defence
Read literally, subsection (2) might suggest that the principal must authorise the act of discrimination itself before liability arises. In my judgment, Parliament must have intended that the principal will be liable wherever the agent discriminates in the course of carrying out the functions he is authorised to do. It is a moot point whether the common law would in any event impose liability in these circumstances.
If that analysis is right and the principal can be liable even though he has not authorised the act of discrimination itself, it follows that the act itself may be — and no doubt usually will be — without the principal's knowledge or approval. It is perhaps surprising that the draftsman did not make this plain in sub-section (2) as he did in subsection (1).
Barrington v Lee
When the purchaser pays a deposit to an estate agent, in the course of negotiations before any contract is concluded, there is clearly an implied promise by someone to it repay it if the negotiations break down. When the negotiations break down, he must return it to the purchaser. The purchaser can sue the estate agent for money had and received which is based on an imputed promise to repay.
AMB Generall Holding AG v Manches and Others
It was also common ground that, as a general rule, the putative agent cannot clothe himself with ostensible authority. SEB accepted that it does not rely on any of the exceptions to that rule. SEB, however, relies on the rule that an agent whose actual authority has been revoked will continue to have ostensible authority as regards a third party who has previously dealt with him and who has not had notice of the revocation.
Lonsdale v Howard & Hallam Ltd
However, there is at least one type of case in which it is necessary to adopt a purposive approach in order to give effect to the intention of the Directive, namely, where the agency had a limited life and expired by effluxion of time. In that situation it might be said that at the termination of the relationship the agent had nothing he could sell and that no goodwill attached to the business.
Commercial Agents (Council Directive) Regulations 1993
...... 2 Interpretation, application and extent . PART II . Rights and Obligations . 3 Duties of a commercial agent to his principal . 4 Duties of a principal to his commercial agent . 5 Prohibition on derogation from regulations 3 and 4 and consequence of breach . PART III . ......
Corporate Insolvency and Governance Act 2020
...... (i) if it has a principal place of business in England and Wales but not Scotland, the Secretary of ... any report under subsection (2), the monitor, and every officer and agent of the company past and present (other than the defendant or defender), ......
Taxation (Cross-border Trade) Act 2018
...... liable as a result of provision made by section 21(6) (Customs agents), . (c) (c) a person liable as a result of provision made under paragraph ... Customs agents 21 Customs agents . . (1) A person (“the principal”) may appoint any other person (a “Customs agent”) to act on the ......
Financial Services Act 1986
......Council of Lloyd's to act as underwriting agents at Lloyd's are. exempted persons as respects investment business carried ...principal’). under a contract for services which— . (i) requires or permits him ......
- Agent Of A Foreign Principal
- THE RELATIONSHIP OF PRINCIPAL AND AGENT
On the Relations between Agent and Principal: Angove's Pty Ltd v Bailey
In Angove's Pty Ltd v Bailey the Supreme Court faced ‘two important and controversial questions of commercial law’: whether an agent's authority could ever be ‘irrevocable’, and whether the receipt...
Patients, Doctors and Contracts: An Application of Principal‐Agent Theory to the Doctor‐Patient Relationship
The doctor‐patient relationship has been the main focus of principal‐agent theory in health care. This paper focuses on communication between doctors and patients within the doctor‐patient relation...
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