Wildy Logo
(020) 7242 5778
enquiries@wildy.com

Book of the Month

Cover of Company Directors: Duties, Liabilities and Remedies

Company Directors: Duties, Liabilities and Remedies

Edited by: Mark Arnold KC, Simon Mortimore KC
Price: £275.00

Lord Denning: Life, Law and Legacy



  


Welcome to Wildys

Watch


NEW EDITION Pre-order Mortgage Receivership: Law and Practice



 Stephanie Tozer, Cecily Crampin, Tricia Hemans
Practical guidance to relevant law & procedure


Offers for Newly Called Barristers & Students

Special Discounts for Newly Called & Students

Read More ...


Secondhand & Out of Print

Browse Secondhand Online

Read More...


Easter Closing

We will be closed between Friday 29th March and Monday 1st April for the Easter Bank Holidays, reopening at 8.30am on Tuesday 2nd April. Any orders received during this period will be processed with when we re-open.

Hide this message

Fiduciary Obligations and Joint Ventures: The Collaborative Fiduciary Relationship


ISBN13: 9780198259282
ISBN: 019825928X
Published: April 1995
Publisher: Oxford University Press
Country of Publication: UK
Format: Hardback
Price: Out of print



Out Of Print
The joint operating agreement is a commercial contract extensively used in oil and gas joint ventures, where one co-venturer manages the venture under the supervision of the other co-venturers. The English courts have yet to pronounce whether a joint operating agreement (JOA) establishes a fiduciary relationship between its co-venturers and whether fiduciary duties are created by it.

As UK Oil exploration companies move to explore outside the North Sea and enter into more contracts with companies from civil law jurisdictions (with expectations of good faith as part of their co-contracting parties) and as an increasing number of independent oil companies participate in exploration and development, the standards of conduct of co-venturers becomes increasingly important. This book reviews whether a joint operation agreement, as an example of a joint venture, is a fiduciary relationship and fiduciary duties which may apply to resources companies as co-venturers.

The book argues that the Operator owes fiduciary duties to the co-venturers and that the co-venturers owe fiduciary duties among themselves. These fiduciary duties impose high standards of conduct on the co-venturers.