Neil Beynon: Directors Duties & Shareholder Rights – The Oil and Gas Sector
In a new paper Terra Firma’s Neil Beynon considers fiduciary duties owed by directors and rights enforceable by shareholders, with particular emphasis on their application within the oil and gas sector.
In particular his paper looks at:
- A parallel legal regime relative to both.
- The current i.e. topical usefulness of the decision in
Commonwealth Oil and Gas v Baxter & Anr 2009 SLT 1123. - The critical energy challenges/crisis and potential conflicts of
actionable interests. - The need to simplify and focus on the essentials of any oil/gas
transaction(s) so as to provide competent transactional and
litigation advice.