Oct 8, 2015

Gilstead Court COA overturns HC Decision- or BULLIES BEWARE!

Another brilliant decision handed down by the Court of Appeal. 

In a nutshell:
  • The High court has no power to change the terms and conditions set out in the CSA after the fact - in other words they cannot first rule that there was bad faith and then 'fix it' so that the sale can go through.  Hurray to that.
  •  The CSA cannot contain punitive clauses for non-signatories - because 
 an SP has the absolute right not to sign the CSA, for whatever reason he or she might have. The law still expects that such an SP will be treated fairly...... No SP should ever feel compelled to sign a document he or she does not agree with because of undue group pressure or the fear of suffering penal consequences, whether covert or overt.