Sentences with phrase «economic tort»

The phrase "economic tort" refers to unlawful acts or wrongful conduct that causes harm to someone's business, trade, or economic interests. Essentially, it involves actions that result in financial losses or damages to individuals or companies. Full definition
Liability in economic tort arises where a person intends to do a wrongful act.
The most important difficulty in relation to this form of economic tort is: what counts as unlawful means?
Many of the leading cases on economic tort arise from the master / servant relationship and trade union activity.
There are few leading economic tort cases arising from the wider commercial context.
Many recent economic tort cases have failed if not at first instance, then on appeal.
The claimants argued that their good faith was irrelevant because their conduct was intentional — the receivers were liable in economic tort for interference with contracts as long as they had acted voluntarily.
The Court of Appeal held that there was no cause of action in economic tort.
Graham acts for banks, fund managers and life assurers in relation to M&A disputes, public and private investigations, shareholder and joint venture disputes as well as a range of economic tort claims.
Business tort cases, also called economic torts, most often result in economic loss rather than injury or property damage.
- The law lords have unanimously rejected the expansion of economic tort into a more general form of liability for interfering with contractual relations.
Acting for a company in the CIS in claims against an international metals and mining conglomerate for breach of contract and economic torts under the law of the CIS state in relation to the operation of a mining complex in the CIS.
Advised a BVI company on the causes of action available against a former director, including breach of employment contract, breach of confidence and various economic torts.
Members of our fraud and asset tracing team have been involved in some of the most significant fraud cases in our jurisdictions, as well as in several key decisions concerning economic torts, unjust enrichment and breaches of trust.
In complex commercial cases involving economic torts, personal liability of directors and officers, and claims of fraud and conspiracy, the courts require a certain degree of specificity in pleadings and claims are vulnerable to preliminary attack.
One salutary change may be that it will be easier to strike out misconceived economic tort claims where the necessary knowledge and intention have not been pleaded.
, Mainstream Properties v Young [2007] UKHL 21, [2007] All ER (D) 44 (May) is one of the most significant decisions on economic tort since Allen v Flood [1898] AC 1 and Quinn v Leathem [1901] AC 495 — decided over 100 years ago.
It is likely that the decision in OBG will keep economic tort within its proper boundaries.
In OBG it had been held by the judge that the receivers had intentionally «interfered» in the management of the contracts and hence they were liable in economic tort even though they did not at the time know that they were invalid.
Lord Hoffmann draws a clear distinction between two different economic torts, namely inducing breach of contract (Lumley v Gye) and unlawful interference with trade — which he refers to as «causing loss by unlawful means».
the Court of Appeal adopted a «holistic approach» to economic tort generally and after a detailed review of the authorities held that Hello!
The judge awarded this sum in economic tort against the receivers on the basis that they had directly interfered in the company's contractual relations.
She has particular expertise in conspiracy and economic tort claims, claims involving breaches of directors» and fiduciary duties and duties of confidence, as well as in bonus and other contractual disputes, including those with an international element and those relating to LLPs.
In short, wrongful intentional acts causing harm, loss or damage to businesses or their stakeholders may give rise to a cause of action in common law business torts (the so - called economic torts).
Other economic torts, such as wrongful interference with contractual relations and breach of privacy
Derek's legal work is focused on economic torts, negligence and commercial disputes.
OBG demonstrates that in the last few years there have been increasing numbers of non labour cases, in which the boundaries of economic tort liability have been tested unsuccessfully.
COURT OF APPEAL REJECTION OF CLAIM IN ECONOMIC TORT In OBG Ltd v Allan [2005] EWCA Civ 106, [2005] 2 All ER 602 the defendants were appointed as administrative receivers over a company.
Acting for a company in the CIS in claims against an international metals and mining conglomerate for breach of contract and economic torts in relation to the operation of a mining complex in the CIS.
Arish has acted on a wide array of commercial disputes in the English Courts and in English seated arbitrations, including cases involving civil fraud, breaches of fiduciary duty, complex contractual claims, negligence claims, economic torts, shareholder, joint venture, partnership and insolvency disputes and jurisdictional battles (amongst others).
«Economic tort» claims for conspiracy to injure, unlawful means conspiracy, and inducing breaches of contract
• Lords Sumption and Lloyd - Jones provide an illuminating overview of the economic torts in general and the rationale for the unlawful means conspiracy tort in particular.
His core practice centres on the relationship between the individual and the corporate body: directors» duties, shareholders» disputes, the economic torts, protection of confidential information and restraint of trade.
Economic torts — conspiracy, intimidation, procuring breach of contract and unlawful interference — are problematic.
In private civil actions under the Competition Act, «economic torts» are commonly plead together with allegations of breaches of the Competition Act.
The case also included claims in the economic torts.
Ronnie has experience of acting for claimants and defendants in a broad range of commercial disputes, including claims for breach of contract and directors» duties, economic torts, misuse of confidential information and breach of restrictive covenants.
Wrongful intentional acts causing harm, loss or damage to businesses or their stakeholders may give rise to a cause of action in common law business torts (economic torts).
The leading opinion on economic tort is that of Lord Hoffmann.
If the appeals in OBG and / or Mainstream had succeeded, then liability in economic tort would thereafter have depended not upon proof of a subjective intention to break contracts but upon some objective standard similar to that applied under the law of negligence.
Lord Hoffmann rejected the unified theory and said that the two forms of economic tort must be treated as separate, with different ingredients, because inducing breach of contract is a form of accessory liability whereas unlawful interference with trade is a form of primary liability.
The law lords have resisted this temptation and economic tort is kept within its proper boundaries.
had a cause of action in confidence and / or in economic tort.
The expression «economic tort» is used in this article to refer to inducing breach of contract and unlawful interference with trade.
This is only one example of the injustice which could flow from collapsing conversion into economic tort.
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