Wildy logo
(020) 7242 5778

Wildy’s Book News

Book News cover photo

Vol 22 No 4 April/May 2017

Book of the Month

Cover of Whistleblowing: Law and Practice

Whistleblowing: Law and Practice

Price: £175.00

Pupillage & Student Offers

Special Discounts for Pupils, Newly Called & Students

Read More ...

Secondhand & Out of Print

Browse Secondhand Online


UK Public Holiday May 2017

Wildy's will be closed on Monday 29th May and will re-open on Tuesday 30th May.

Online book orders received during the time we are closed will be processed as soon as possible once we re-open on Tuesday.

As usual Credit Cards will not be charged until the order is processed and ready to despatch.

Any non-UK eBook orders placed after 5pm on the Friday 26th May will not be processed until Tuesday 30th May. UK eBook orders will be processed as normal.

Hide this message

Fiduciary Obligations and Joint Ventures: The Collaborative Fiduciary Relationship

Image not available lge

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.

Image not available lge